Crypto exchange Coinbase logs third straight quarterly loss on trading slowdown

July 30 : Coinbase Global posted a third straight quarterly loss on Thursday, hurt by lower trading volumes as a prolonged downturn in cryptocurrency markets curbed trading activity.Shares of the crypto exchange were down 5.3 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 million during the quarter, from $764 million a year earlier. "This deep and sluggish crypto winter has continued to put pressure on Coinbase and regulatory clarity is not happ