Crypto exchange Coinbase reports third straight quarterly loss on trading slowdown
30/07/2026 21:12
Crypto exchange Coinbase reports third straight quarterly loss on trading slowdown July 30 (Reuters) - Cryptocurrency exchange Coinbase Global COIN.O on Thursday recorded a third consecutive quarter of losses, hurt by lower transaction revenue as a prolonged downturn in crypto markets curbed trading activity.
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.
(Reporting by Rishab Shaju and Prakhar Srivastava in Bengaluru; Editing by Sahal Muhammed)
((Rishab.shaju@thomsonreuters.com ; +91 9048142177))
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