The post Coinbase Trading Volume Takes a Hit Amid Ongoing Crypto Winter appeared first on Coinpedia Fintech News
Coinbase (COIN), the titan of cryptocurrency exchanges, is grappling with challenges on multiple fronts. New data from Berenberg Capital Markets suggests that the platform’s trading volumes in the U.S. have plunged significantly, down 17% sequentially and a whopping 52% year-over-year. This downturn arrives just as Coinbase gears up to unveil its third-quarter earnings on November 2.
Coinbase’s hiccups aren’t confined to declining trading volumes. Berenberg analysts, led by Mark Palmer, caution that regulatory threats loom large for the company, which has been embroiled in various legal disputes in the United States. If that weren’t enough, Coinbase’s lobbying ambitions for friendlier crypto regulations face complications due to recent headlines about Hamas’ use of cryptocurrencies.
“Recent actions by Hamas could potentially torpedo Coinbase’s lobbying effort
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