Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by lower volatility and declining prices for bitcoin and other cryptocurrencies. Trading volumes fell to $327 billion in the quarter from $462 billion in the second. Of this, bitcoin comprised 19%, down from 24% last quarter. The company's shares tumbled 13% in trading after the bell.
Presented ByDid you Know?
Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
View Details »Total revenue fell to $1.31 billion from $2.23 billion in the prior quarter, also missing estimates of $1.57 billion. Crypto exchanges have benefited from the mainstreaming of digital assets, with
Read more on economictimes.indiatimes.com