igital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows
Published Fri, May 8, 2026 · 09:11 AM
[BENGALURU] Cryptocurrency exchange Coinbase Global on Thursday (May 7) 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 sell-off.
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…
