In today’s briefing:
- Coinbase Targets Offshore Amid Falling Volumes
Coinbase Targets Offshore Amid Falling Volumes
- Last week, Coinbase received approval to operate an offshore derivatives exchange, based in Bermuda.
- This move makes a lot of sense, particularly when looking at Coinbase’s share of total spot volumes.
- Since the start of 2022, Coinbase’s share of volumes has almost halved, falling from 10% to 5% while Binance gained as much as 30% market share over the same time period, before losing some in the last couple of weeks with their reintroduction of fees.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
