July 30 (Reuters) – Cryptocurrency exchange Coinbase Global on Thursday recorded ‌a third consecutive quarter of ‌losses, hurt by lower transaction revenue as ​a prolonged downturn in crypto markets curbed trading activity.

Shares of the crypto exchange were down 4.9% 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 billion during…