On Tuesday, after the close of the main session, Coinbase released its Q3 earnings. The company’s revenue fell 41% qoq to $ 1.31 billion, which was worse than the market consensus of $ 1.57 billion. The decrease in the indicator was due to a drop in interest in the crypto currency market after bitcoin fell in value from $ 60 thousand to May to $ 30,000 in July. Against this background, many alternative tokens, including meme coins, have become uninteresting to the investment community and trading volumes have dropped significantly. Coinbase’s 3Q trading volume fell 29% qoq to $ 308.88 billion, while active users fell 16% to 7.09 million.Adjusted EBITDA declined 46% qoq to $ 618 million, which was also worse the forecast of $ 662.3 million. Earnings per share was $ 1.62 versus $ 6.42 a quarter earlier, but the financial result almost coincided with the market consensus ($ 1.68). The company’s results were met negatively, with shares plummeting 15% after the market closed in an additional session.