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Altcoins Eclipse Combined Bitcoin, Ethereum Transaction Volumes on Coinbase
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The crypto exchange giant Coinbase says that altcoin transaction volume keeps increasing its share on the platform at the expense of bitcoin (BTC) and ethereum (ETH).
The firm released details in its financial year quarter three (FY2021 Q3) report and letter to shareholders, where it remarked that total retail trading volume tumbled to USD 93bn, for a decrease of 36% on Q2 figures. Institutional trading volume, which makes for the lion’s share of its business activity, also fell by 24% to USD 234bn. However, compared to the third quarter of 2020, retail trading volume jumped by 417%, while institutional trading volume increased by 767%.
But non-BTC/ETH coins had a strong quarter – at the expense of the world’s two biggest-cap coins. While
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