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Coinbase's Volume Shrinks by 52%: Lowest since 2021 IPO

Coinbase's Volume Shrinks by 52%: Lowest since 2021 IPO
Trading volumes on Coinbase (NASDAQ: COIN) have fallen so sharply in the past quarter that they are now below the levels seen in April 2021, when the exchange debuted on Nasdaq. According to CCData, trader activity was valued at $76 billion, a 52% decrease compared to the previous year's third quarter.For Coinbase, Trading Volume Is a Significant Revenue DriverThe exchange itself admits that transaction revenue accounts for more than half of its total income. When investors remain inactive and t... Read More
Posted: Oct 12 2023, 09:09
Author Name: financemagnates
Views: 091925

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