Crypto exchange Coinbase trading volumes slump 30%

Reuters

Nov 9 (Reuters) - U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O) 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

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain