July 30 (Reuters) – Coinbase Global posted a third straight ⁠quarterly loss on Thursday, hurt by lower trading volumes ‌as a prolonged downturn in cryptocurrency markets curbed trading activity.

Shares of the crypto exchange were down 5.3% in trading after the bell.

Cryptocurrency markets came under pressure ​during the April-to-June quarter as investors shunned ⁠riskier assets amid uncertainty ⁠over U.S. 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% to $599 million ⁠during the…