Crypto exchange Coinbase reports third straight quarterly loss on trading slowdown-August 2024-www.financetom.com

Crypto exchange Coinbase reports third straight quarterly loss on trading slowdown

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Crypto exchange Coinbase reports third straight quarterly loss on trading slowdown

Jul 30, 2026 1:22 PM

July 30 (Reuters) - Cryptocurrency exchange Coinbase Global ( COIN )

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.

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