Bear Market Hit Coinbase Hard: Volumes Decreased by Half in 1 Year!

The spot transaction volume of Coinbase, the largest cryptocurrency exchange in the USA, has decreased by more than 50% in 1 year.

Cryptocurrency exchange Coinbase continues to lose blood. Coinbase’s spot trading volume, according to current information provided by on-chain data provider CCData 2022 compared to the 3rd quarter of 52% value lost.

Balance sheet of loss of value $76 billion It was announced as. Coinbase in 2022 in the 3rd quarter It was hosting record levels of volume.

Spot trading volume of the stock exchange 2021 arriving in April of Nasdaq It fell to its lowest level since its listing.

by the U.S. Securities and Exchange Commission (SEC). case of the cryptocurrency exchange to regulations opposite struggle While it continues, it seems that it has not been able to escape the widespread cash shortage in the market.

A similar situation occurred in Binance, the world’s largest cryptocurrency exchange. Binancewe surpassed in spot market share for 7 months has decreased repeatedly.

Coinbase, in spot trading volume Responding to the huge decline and increasing demand for futures transactions, it announced that it had obtained a license to offer continuous futures transactions to individual users.

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