{"id":172873,"date":"2023-10-12T16:26:53","date_gmt":"2023-10-12T10:56:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=172873"},"modified":"2023-10-12T16:26:53","modified_gmt":"2023-10-12T10:56:53","slug":"coinbase-q3-trading-volume-drops-52-from-last-year-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-q3-trading-volume-drops-52-from-last-year-crypto-news\/","title":{"rendered":"Coinbase Q3 trading volume drops 52% from last year &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The spot trading volume at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/coinbase-doubling-down-singapore-following-license\/\">Coinbase<\/a>, the largest U.S.-based cryptocurrency exchange, fell to US$76 billion in the third quarter, a 52% year-on-year decrease, Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-11\/coinbase-coin-trading-volume-is-likely-lowest-since-before-public-debut?sref=IIP4JEyu\">reported<\/a>, citing crypto data firm CCData.\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/digital-assets-here-stay-bahamas-prime-minister-says\/\">Digital assets are here to stay, Bahamas prime minister says<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>This marks Coinbase\u2019s lowest quarterly trading volume since 2020, before the exchange listed on the Nasdaq Stock Market.<\/li>\n<\/ul>\n<ul>\n<li>However, Coinbase reportedly gained more market share in Q3, due to the increasing regulatory scrutiny around <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/binance-us-ceo-calls-it-quits-amid-major-layoffs\/\">Binance<\/a>, the world\u2019s largest crypto exchange, and its U.S. affiliate.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>Coinbase\u2019s monthly exchange volume fell to US$20.42 billion in September, down 23% from US$26.59 billion in August, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theblock.co\/data\/crypto-markets\/spot\/cryptocurrency-exchange-volume-monthly\">data<\/a> from The Block.<\/li>\n<\/ul>\n<ul>\n<li><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/coinbase-singapores-major-payment-institutions-license\/\">Coinbase received<\/a> a Major Payment Institution license in Singapore at the beginning of October, a year after it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/crypto-exchange-coinbase-license-singapore\/\">received an in-principal<\/a> approval to expand its digital asset services in the country.<\/li>\n<li>It has been a difficult quarter for most firms in the Web3 space. The amount of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/crypto-fundraising-q3-lowest-three-years-messari\/\">funds raised by crypto firms<\/a> dropped to a three-year low of US$2.1 billion in the third quarter, according to on-chain intelligence firm Messari.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/ftx-collapse-helped-evolution-crypto-regulation-bahamas-securities-regulator\/\">FTX collapse helped the evolution of crypto regulation, says Bahamas securities regulator<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The spot trading volume at Coinbase, the largest U.S.-based cryptocurrency exchange, fell to US$76 billion in the third quarter, a 52% year-on-year decrease, Bloomberg reported, citing crypto data firm CCData.\u00a0 See related article: Digital assets are here to stay, Bahamas prime minister says Fast Facts This marks Coinbase\u2019s lowest quarterly trading volume since 2020, before [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":137899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-172873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172873","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=172873"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172873\/revisions"}],"predecessor-version":[{"id":172874,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172873\/revisions\/172874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/137899"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}