Crypto Exchange Coinbase Trading Volumes Slump 30% | Investing News

(Reuters) – U.S. cryptocurrency exchange Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by an easing in trading in bitcoin and other cryptocurrencies.

Trading volumes was $327 billion for the quarter, down from $462 billion in the prior quarter.

The company reported net income attributable to common shareholders of $405.34 million, or $1.62 per share.

(Reporting by Sohini Podder in Bengaluru; Editing by Sriraj Kalluvila)

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