Coinbase trading volumes plummet as ‘crypto winter’ sets in | BSC Gems 100x💎
Coinbase trading volumes plummet as ‘crypto winter’ sets in
Coinbase's trading volumes fell more than 40 per cent in the first quarter, as its worse than expected earnings and bleak outlook underscored the fallout from the crypto bear market.
Trading volumes sank 44 per cent compared with the previous quarter, which it said was "Consistent with the broader crypto spot market".
In its outlook, the company said crypto asset volatility and crypto asset prices have declined in April, and it expected users and trading volume to decline in the current quarter compared with the first quarter.
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