According to analyst firm Diar, trading volumes on the American cryptocurrency exchange Coinbase has reached the lowest level in 52 weeks. In the third quarter of 2018, almost all trading platforms have noted a significant decline in profits and count large losses.
The volume of trades the cryptocurrency Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) has decreased by 50%, while customers of Coinbase in the third quarter of 2018 bought a digital assets totaling $5.4 billion, while in the fourth quarter of 2017 for the purchase of cryptocurrency spent $24.3 billion. Thus the volume of purchase of virtual currencies declined by 78%.
Despite the fall in profits, Coinbase plans to attract funding in the amount of $500 million if the company will be able to implement this plan, the exchange is estimated at $8 billion and will be one of the most expensive us companies. In any case, the progress is obvious: in the summer of last year it was estimated only at $1.6 billion.
At the moment, Coinbase is number 23 on the daily trading volume, which amounts to only $76 million. Market leader - exchange Binance - boasts a $879 million, the share OKEx accounts for $514 million, quite a bit from her behind Huobi with a trading volume of $491 million.
According to crypto experts, trading volume dropped due to the fact that the market has left speculators, hence reducing the level inof course letalnost the leading cryptocurrency. How will this affect kriptonyte in the future, only time will tell, but the positive aspects of a stable value of digital assets cannot be denied.