Diar’s Research Using CoinApi Data Shows Coinbase USD Crypto Trading Has Dropped 83% in 2018

2018-8-20 22:25

Coinbase Trading Drops 83% Since January, Offshore Cryptocurrency Exchanges Grow

Coinbase, the cryptocurrency exchange giant is somewhat struggling to maintain its client base. While the company is consolidating its place in the market, it is, at the same time, struggling to keep some of its clients during the current bear market. The San Francisco-based firm might be big, but it was a lot bigger in January, as Coinbase has 83% less trading volume today.

Diar, using data from CoinApi, reported that USD-denominated crypto exchanges have plummeted. However, in some other parts of the world, crypto-to-crypto exchanges have been stable or even raised in volume lately.

The company affirms that Coinbase has seen an 83% drop in volume, going from nearly $21 billion USD worth in trades to only $3.9 billion USD. Diar believes that this might have a relation with the decrease in USD-related trading. Bitstamp and Kraken, which also offer USD pairs, have also experienced a significant decline in trades since the beginning of the year.

Decentralized Exchanges Are Faring Better

The world’s largest crypto exchange, Binance, has also seem some decline in trades, especially in BTC, ETH, BCH and LTC markets, which have been available during the whole year. It went from $17.5 billion USD in February to $9.4 billion USD in June. However, it jumped 21% in the following month.

OKEx, considered the second largest exchanged in the world, has also attracted a big volume of investors from June to July. It went from $2.9 billion USD to $5.7 billion USD in trading volume in a single month, a record for the company and an increase of almost 97%.

It is fair to observe that neither Coinbase or Bitstamp support Tether, the stablecoin pegged to the USD, only real fiat currency, while both OKEx and Binance do support USDT. Tether has released hundreds of millions of new tokens recently and this might explain the surge in these companies.

Blockchain Island

Interestingly, both Binance and OKEx are eager to set up shop in Malta if pro-industry regulations actually pass this year. Known as “blockchain island”, Malta is making a huge effort to attract blockchain-based companies to its shores.

Binance, which had only traded cryptos so far, has also divulged a partnership with a Liechtenstein-based company to offer its first fiat trading pairs on the platform.

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Источник: bitcoinexchangeguide.com

coinbase trading → Результатов: 126


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Coinbase Inquiry Finds No Improper BCH Trading Took Place Prior to Launch

An inquiry by leading United States-based cryptocurrency exchange, Coinbase, has found that no improper trading took place last December surrounding the launch of its Bitcoin Cash pairings. Also Read: SEC Postpones Deliberations on NYSE Arca Bitcoin ETFs Coinbase Inquiry Finds No Insider Trading on BCH Markets A Coinbase spokesperson has confirmed that the investigations into potential […] The post Coinbase Inquiry Finds No Improper BCH Trading Took Place Prior to Launch appeared first on Bitcoin News.

2018-7-26 02:35


ICYMI: Coinbase Crypto Exchange Says no Insider BCH trading Happened in December

One of the most significant crypto exchanges, Coinbase, has stated that there was no insider trading of Bitcoin cash in December 2017 after the firm thoroughly investigated the matter. According to a credible source who pleaded anonymity, Coinbase conducted a brainstorming meeting last week to deliberate the result of an internal investigation that has been […] The post ICYMI: Coinbase Crypto Exchange Says no Insider BCH trading Happened in December appeared first on ZyCrypto.

2018-7-26 23:46


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Coinbase Announces New ‘e-gift Card’ Allowing Users to Spend Cryptos With Nike, Tesco, Uber, and More

Good news for Coinbase users as the trading platform launches a new use for cryptocurrency balances on the exchange. Talking on the platform’s Medium page earlier today, Zeeshan Feroz, the exchange’s UK CEO, wrote that customers of Coinbase in selected regions will now be able to spend their cryptocurrency balances on e-gift cards.

2018-7-25 16:04


Фото:

‘Thank God They Cleared Themselves’ – Coinbase Finds No Hint of Insider Trading

Coinbase has revealed unofficially that its internal investigation into insider trading of Bitcoin Cash found no evidence of foul play. ‘No Disciplinary Action’ In private comments to Fortune, the US’ largest cryptocurrency exchange said that as of last week, the long-awaited investigation had come to an end, but that “no disciplinary action” would occur.

2018-7-25 12:00


No Insider Trading at Coinbase, Internal Investigation Concludes

Coinbase exchange has reportedly concluded that no insider trading of Bitcoin Cash (BCH) took place in December 2017, Fortune reports Tuesday, July 24. Anonymous sources close to Coinbase told Fortune that the exchange and wallet service provider conducted a company-wide meeting last week to discuss the results of an internal investigation. A Coinbase spokesperson revealed

2018-7-25 09:31


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