(Reuters) – U.S. cryptocurrency exchange Coinbase Global Inc on Thursday reported a third-quarter loss as high inflation, rising interest rates and geopolitical tensions weakened demand for risky assets, sapping trading volumes for digital currencies like bitcoin.
Coinbase said it had a net loss of $544.6 million for the three months ended Sept. 30, or $2.43 per diluted share, compared with a profit of $406.1 million, or $1.62 per diluted share, a year earlier.
(Reporting by John McCrank in New York; editing by Jonathan Oatis)
