By Rishab Shaju and Prakhar Srivastava
July 30 (Reuters) – Coinbase Global posted a third straight quarterly loss on Thursday as a prolonged downturn in cryptocurrency markets dented its trading volumes, sending the digital-asset exchange’s shares 5.3% lower 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 quarter, from $764 million a year earlier.
“This deep and sluggish crypto…
