Crypto exchange Coinbase reports third straight quarterly loss on trading slowdown
FILE PHOTO: The Coinbase logo is seen in this illustration created on November 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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July 30 : 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 per cent 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 per cent to $599 billion during the quarter, from $764 million a year earlier.
The company reported a loss of $359.5 million, or $1.36 per share, for the quarter ended June 30, compared with a profit of $1.43 billion, or $5.14 per share, a year earlier.
Source: Reuters
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