Report: Coinbase Q3 trading volume fell short of expectations, declining by approximately 17% month-on-month and approximately 52% year-on-year.

Odaily News Investment bank Berenberg said in a research report on Tuesday that Coinbases U.S. cryptocurrency trading volume appeared to be less than expected in the third quarter as the crypto bear market continued. Citing data from The Block, the report stated that Coinbase’s trading volume fell by approximately 17% month-on-month and approximately 52% year-on-year. It is reported that Coinbase will announce its third quarter results on November 2. (CoinDesk) In previous news, Berenberg Capital Markets analyst Mark Palmer said that Hamas’s use of cryptocurrency to raise funds will make Coinbase’s legislative lobbying more difficult. Coinbase is lobbying for more transparency in Congress amid threats from U.S. regulation.