Coinbase Is More Than Just a Crypto Exchange: JMP Securities | • CRYPTO NEWS • #BTC • #ETH •
Coinbase Is More Than Just a Crypto Exchange: JMP Securities
Coinbase (COIN) is more than just a crypto exchange, and momentum is continuing to build in its ancillary businesses, JMP Securities said in a research report Thursday. JMP notes that Coinbase’s daily spot trading volume in the first quarter is averaging about $3.3 billion, which has more than doubled from the fourth quarter last year. The newly launched derivatives platform is also “scaling at a tremendous pace.”
