May 7 : Cryptocurrency exchange Coinbase Global on Thursday recorded a second-consecutive quarter of losses, as a crypto-driven market volatility sapped the company’s trading volumes during a period of broad digital-asset selloff.

Shares of the company, which posted a surprise quarterly loss, were down about 5 per cent in extended trading. They have lost nearly 15 per cent of their value so far in 2026.

Trading volumes on digital-asset exchanges softened at the start of 2026, as waning momentum in crypto prices, tighter financial conditions and lingering macroeconomic uncertainty dampened appetite for risk, triggering a pullback following a rally to record highs in October last year.

Rising Middle East tensions also drove a broad risk-off…