Coinbase Trading Volume
State of Play
Cryptocurrency's most on looked exchange continues to stretch its tentacles within the digital assets diaspora with its addition of the USDC Stablecoin slated to facilitate a wide range of on-chain financial products. Recently the exchange secured a massive $300Mn investment, bringing up the total capital raised north of $½Bn, giving it deep pockets to stretch its influence across the industry. Coinbase's stardom, so to speak, also leaves it open to much criticism. Their latest listings of 0x (ZRX) and Basic Attention Token (BAT) was met with scrutiny on their lack of utility. Will retail investors care to take on the risk?
Coinbase Clientele Remain Focused on BTC & ETH Pairs - Avg. 77% of Total Volume in 2018
Coinbase Lists BAT Only Against USDC - Will Other Digital Assets Follow Exclusivity?
Coinbase has recently promised the quick-fire of crypto asset additions. Its latest add was Basic Attention Token (BAT), which has only been paired with the outfits preferred Stablecoin, USDC, which it has co-founded with Circle. The exchange looks to be playing a small experiment to see if and how traders will opt-in to the trading pair. It's also quite likely, in order to push the exchanges 'Open Financial System' forward to continue to pair its current, and future listings with the Stablecoin.
Week of Nov-05-2018 - No love shown by traders for Coinbase's 2018 listings, accounting for only 5.8% of the exchange's volume.
US Trading: Coinbase Beats 2017 Volumes by 3Q18, But Hit's 1-Year Low at Current Prices (USD)
EU & UK Volumes Hit New Records, Now 13.5% of Global Coinbase Volumes (USD)
Recent Coinbase Coverage by Diar
Disclaimer: Unless otherwise specified, the content of the articles published on www.diar.co constitutes intellectual property of Diar Ltd and may not be reproduced or republished in whole or in part without prior written consent. The information contained in the articles published on www.diar.co does not in any way constitute financial or investor advice and is only intended for informative purposes. Readers may not rely on such information to decide on investment or financing options or otherwise rely on such information in making decisions with monetary or financial effects. Diar Ltd does not accept any liability of any kind with regards to the validity of the information or with regards to any damage suffered as a result of reliance on such information. © 2018 Diar Ltd. Contact: email@example.com