Published Fri, Jul 31, 2026 · 07:52 AM

COINBASE Global posted a third straight quarterly loss on Thursday (Jul 30) as a prolonged downturn in cryptocurrency markets dented its trading volumes, sending the digital-asset exchange’s shares 5.3 per cent lower after the bell.

Cryptocurrency markets came under pressure during the April-to-June quarter as investors shunned riskier assets amid uncertainty over US interest rates, geopolitical tensions and persistent outflows from crypto investment products. The weakness extended a retreat from record highs reached in October.

Coinbase’s transaction revenue dropped 21 per cent to US$599 million during the quarter, from US$764 million a year earlier.

“This deep and sluggish crypto winter has…