bullish

Tether

Coinbase Targets Offshore Amid Falling Volumes

238 Views25 Apr 2023 07:13
SUMMARY
  • 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.
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
  • Unlimited Research Summaries
  • Personalised Alerts
  • Custom Watchlists
  • Company Analytics & News
  • Events & Webinars
or
Trusted by:
Bloomberg
Societe Generale
SGX
Sequoia
Interactive Broker
Refinitiv
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Logo
Kaiko
Data-Driven Analysis of Cryptocurrency Markets
Kaiko
Crypto
Price Chart(Sign Up to Access)
analytics-chart
  • Coinbase Targets Offshore Amid Falling Volumes
    25 Apr 2023
x