Crypto Rout On Trading Volumes Costs Coinbase $1.1 Billion In Losses
Crypto exchange Coinbase disclosed a $1.1 billion loss on revenue of $803 million in the second quarter, a bigger-than-anticipated loss as investors apprehensive about this year’s volatility in assets avoided trading in cryptocurrencies. Both numbers fell short of analysts’ forecasts and are below what the company reported in the first three months of the year. […]
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Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during the past day. While the exchange volumes soared, the trading platforms Coinbase and Kraken reported the exchanges suffered from connectivity problems.
Tuesday’s Crypto Exchange Volume Jumps 183% Higher Than Last Week, Top 5 Exchanges Record More Than....
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In the report, Coingecko also observes that from the start of Q3, traded volumes on decentralized exchanges (dexs) grew much faster than those of centralized exchanges (cexs). For instance, in Q3, “the monthly average dex trading....
Altcoin trading activity has continued to weaken across the crypto market, which is another sign of the current investor appetite for altcoins. New data shared by CryptoQuant analyst Darkfost shows spot trading volume on Binance and other major exchanges is now at extreme lows compared to levels seen during the crypto market’s more active phases in February and October 2025. Altcoin Trading Volumes Drop Across The Board Analysis of altcoin flows shows how much of the remaining altcoin activity is now flowing through Binance compared to the rest of the crypto market. Data from CryptoQuant....
Strong revenues over the past two quarters from a large user base helped the exchange amass the funds. Coinbase, the largest American cryptocurrency exchange, has stockpiled a war chest worth about $4 billion in cash in preparation for decreased crypto retail trading volumes and higher operating costs brought on by regulatory hurdles.It reportedly expects to use the cash to cover costs incurred by a variety of factors, including conforming to new regulations handed down by the United States legislature.Coinbase CFO, Alesia Haas, told the Wall Street Journal that no one single danger to the....
As crypto exchange Coinbase faces industry obstacles and economic pressures, the company is examining its operations in greater detail. On Wednesday, Brian Armstrong, CEO of Coinbase, stated in an interview with CNBC’s Kate Rooney that the cryptocurrency exchange is now considering slashing costs. Coinbase’s shares has shed more than 70% of its value this year as […]