Coinbase Trading Volume Hits Pre-IPO Levels in Latest Quarter: Report
Coinbase has experienced a significant decline in its spot trading volume, signaling a notable change in the crypto trading landscape.
Coinbase is one of the veteran cryptocurrency exchanges. It was founded in June 2012 and since then allows its users to transact between FIAT and digital currencies. The company is based in San Francisco, USA.
Coinbase was established by Fred Ehrsam and Brian Armstrong, who’s also the current CEO. It has grown substantially since its launch, and it is currently the leading regulated US-based cryptocurrency exchange.
Apart from providing a platform for individuals, Coinbase also offers a solution for institutional investors. It’s called Coinbase Prime. The Prime platform offers more robust and complex trading tools, geared toward larger investors.
Besides, the company launched in 2018 a custody service, which provides its clients with an institutional-grade offline storage solution. It is also regulated by the New York Department of Financial Services (NYDFS) and operates as an independently capitalized entity.
It’s safe to say that Coinbase is working towards the establishment of an entire ecosystem where traders can purchase, store, and sell cryptocurrencies in a secure and regulated manner.
Coinbase has experienced a significant decline in its spot trading volume, signaling a notable change in the crypto trading landscape.
With the re-minting of native USDC on the Base, the network's TVL has risen again, beating zkSync Era, currently at
The US Securities and Exchange Commission has responded to Coinbase and its motion to dismiss the case against it.Â
Base's TVL witnessed a drawdown of over 18% in the past week.
Some of the affected pairs are ACH-USDT, BNT-BTC, SUSHI-BTC, SUSHI-ETH, ZRX-BTC, ZRX-EUR, and others.
Coinbase has obtained Monetary Authority of Singapore (MAS) license to provide regulated digital payment token products and services.
Coinbase retail customers can now access one of the largest sectors of crypto trading worldwide.
Base has become the sixth network to have integrated with Chainlink CCIP.
"Every time I start thinking the SEC can't possibly do more to fail as an institution, it proves me naive,"
Celsius has recently selected Coinbase to act as a distributor for international customers, but the deal has yet again set