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Crypto exchange Coinbase trading volumes slump 30% -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Coinbase Global Inc logo, which is the largest U.S. cryptocurrency exchange and investor, can be seen on the Nasdaq MarketSite Jumbotron in Times Square, New York. It was displayed there, U.S.A, Thursday, April 14th, 2021. REUTERS/Shannon Stapleton

(Reuters) – U.S. cryptocurrency exchange Coinbase reported Tuesday a 30% drop in sequential trading volume for the third quarter. This was due to an easing of trading in Bitcoin and other cryptocurrencies.

Trade volumes decreased from $462billion to $327billion in the preceding quarter.

Company reported net income of $45.34 million to common shareholders, or $1.62 each share.

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