July 31 : Shares of Coinbase Global slipped 5.6 per cent in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn. The cryptocurrency market lost significant value in recent sessions, with

Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation.

Coinbase reported lower quarterly revenue and a net loss as crypto trading activity declined, while subscription and lending grew.