The latest financial results of cryptocurrency exchange Bullish (NYSE: $BLSH) have come up short as trading activity on its platform slowed in recent months. 

The company, which focuses on institutional investors, reported first-quarter revenue of $92.8 million U.S., which was below Wall Street estimates of $94.9 million U.S.

Bullish also reported a net loss of -$3.85 U.S. per share compared with a loss of -$3.04 U.S. a share a year earlier.

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Management said the crypto exchange struggled in Q1 as Bitcoin’s (CRYPTO: $BTC) price fell to a multiyear low of $60,000 U.S. Other digital assets also saw their price fall sharply. 

Other crypto exchanges such as Coinbase Global (NASDAQ: $COIN) and…