Coinbase posts third straight quarterly loss as transaction revenue falls 21%

Published Jul 30, 11:52 PM UTC

Coinbase Global reported its third consecutive quarterly loss, driven by a 21% decline in transaction revenue to US$599 million for the quarter ending June 30. The company posted a net loss of US$359.5 million, or US$1.36 per share, as a slowdown in crypto trading activity continued to weigh on its financial performance. The results underscore ongoing challenges in the cryptocurrency market, including reduced trading volumes and investor caution.