{"id":159409,"date":"2023-09-20T18:04:35","date_gmt":"2023-09-20T12:34:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=159409"},"modified":"2023-09-20T18:04:35","modified_gmt":"2023-09-20T12:34:35","slug":"how-coinbases-rising-growth-will-impact-binance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/how-coinbases-rising-growth-will-impact-binance-crypto-news\/","title":{"rendered":"How Coinbase&#8217;s rising growth will impact Binance &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 20, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<ul>\n<li><em>Coinbase\u2019s forecasted revenue surge could rival Binance\u2019s dominance.<\/em><\/li>\n<li><em>Base\u2019s vibrant user engagement strengthened Coinbase\u2019s competitive stance.<\/em><\/li>\n<\/ul>\n<p>Despite navigating a turbulent crypto market and grappling with regulatory obstacles over the past year, Coinbase appeared to be on the brink of experiencing remarkable growth in the foreseeable future.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/binancecoin-profit-calculator\" data-wpel-link=\"internal\">BNB Profit Calculator<\/a><\/p>\n<hr \/>\n<h4>Coinbase moving swiftly<\/h4>\n<p>Delphi Digital\u2019s data analysis unveiled an interesting possibility. If Coinbase could capture just a quarter of Binance\u2019s present futures trading volume, even with slightly reduced fees, it would inject a staggering $1.8 billion of additional revenue to its bottom line.<\/p>\n<p>This impressive sum would nearly double its total transaction revenue for the entire year of 2022.<\/p>\n<p>To put this projection into perspective, industry consensus estimates had not predicted Coinbase\u2019s total transaction revenue to reach the $1.8 billion mark until the year 2026.<\/p>\n<div id=\"attachment_345076\" style=\"width: 1255px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-345076\" class=\"size-full wp-image-345076\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1245\" height=\"652\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6.jpeg 1245w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6-300x157.jpeg 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6-1024x536.jpeg 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6-768x402.jpeg 768w\" data-lazy-sizes=\"(max-width: 1245px) 100vw, 1245px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6.jpeg\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-345076\" class=\"size-full wp-image-345076\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F6aDJhJXQAAb-6.jpeg\" alt=\"\" width=\"1245\" height=\"652\" \/><\/a><\/p>\n<p id=\"caption-attachment-345076\" class=\"wp-caption-text\">Source: Delphi Digital<\/p>\n<\/div>\n<p>This forecast underscored the enormous growth potential that Coinbase held within the cryptocurrency ecosystem.<\/p>\n<p>By harnessing a significant share of Binance\u2019s trading activity, Coinbase could substantially swell its revenue streams and mount a formidable challenge to Binance\u2019s dominant market position.<\/p>\n<p>Furthermore, Coinbase\u2019s Layer 2 solution, known as Base, exhibited robust performance metrics. According to data compiled by Artemis, as of 1 August, Base boasted an impressive tally of 72,790 addresses.<\/p>\n<div id=\"attachment_345077\" style=\"width: 2298px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-345077\" class=\"size-full wp-image-345077\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2288\" height=\"1006\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM.png 2288w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM-300x132.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM-1024x450.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM-768x338.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM-1536x675.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM-2048x900.png 2048w\" data-lazy-sizes=\"(max-width: 2288px) 100vw, 2288px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-345077\" class=\"size-full wp-image-345077\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.09.38-PM.png\" alt=\"\" width=\"2288\" height=\"1006\" \/><\/a><\/p>\n<p id=\"caption-attachment-345077\" class=\"wp-caption-text\">Source: Artemis<\/p>\n<\/div>\n<p>The surging adoption and activity on the Base network appeared to be inextricably linked to the popularity of FriendTech, a significant contributor to the growth of the Base ecosystem.<\/p>\n<p>FriendTech\u2019s distinctive appeal lay in its capacity to remunerate content creators handsomely, with figures like 4,090 ETH disbursed in the past 10 days alone. This financial incentive not only attracted creators but also fostered an environment conducive to the platform\u2019s expansion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">One of the reasons FriendTech has taken over your feed: total fees paid to &#8220;creators&#8221; in the past 10 days:<\/p>\n<p>FriendTech: 4,090 ETH<br \/>All ETH NFTs: 610 ETH <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/9S8oe1dt71\" data-wpel-link=\"external\">pic.twitter.com\/9S8oe1dt71<\/a><\/p>\n<p>\u2014 NFTstats.eth (@punk9059) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/punk9059\/status\/1704214132097175798?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">September 19, 2023<\/a><\/p>\n<\/blockquote>\n<h4>BNB struggles<\/h4>\n<p>Collectively, these factors placed Coinbase in an advantageous position to mount a serious challenge to Binance\u2019s supremacy. Despite contending with regulatory hurdles and legal disputes, Binance, and its native token BNB, faced the specter of potential adverse repercussions.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, here\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">BNB\u2019s market cap in BTC\u2019s terms<\/a><\/p>\n<hr \/>\n<p>Data sourced from Token Terminal hinted at a slight uptick in activity on the BNB blockchain. A 0.2% growth rate was observed over the past month. However, this surge in activity was not mirrored in revenue generation, which suffered a 27.7% downturn during the same period.<\/p>\n<div id=\"attachment_345079\" style=\"width: 2356px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-345079\" class=\"size-full wp-image-345079\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"2346\" height=\"1098\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM.png 2346w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM-300x140.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM-1024x479.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM-768x359.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM-1536x719.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM-2048x959.png 2048w\" data-lazy-sizes=\"(max-width: 2346px) 100vw, 2346px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-345079\" class=\"size-full wp-image-345079\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/Screenshot-2023-09-20-at-2.55.36-PM.png\" alt=\"\" width=\"2346\" height=\"1098\" \/><\/a><\/p>\n<p id=\"caption-attachment-345079\" class=\"wp-caption-text\">Source: token terminal<\/p>\n<\/div>\n<p>As of the time of writing, BNB was trading at $216.91. It registered a modest 0.61% dip within the preceding 24-hour timeframe.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 20, 2023 Coinbase\u2019s forecasted revenue surge could rival Binance\u2019s dominance. Base\u2019s vibrant user engagement strengthened Coinbase\u2019s competitive stance. Despite navigating a turbulent crypto market and grappling with regulatory obstacles over the past year, Coinbase appeared to be on the brink of experiencing remarkable growth in the foreseeable future. Is your portfolio green? [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":159410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-159409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=159409"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159409\/revisions"}],"predecessor-version":[{"id":159416,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159409\/revisions\/159416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/159410"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=159409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=159409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=159409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}