The largest US-based crypto exchange has seen a sizeable decline of 29% from $462 billion in Q2 to Q3’s $327 billion in trading volume. In its latest report, the company emphasized the volatility in the market as an important factor influencing the transaction revenue. The figures have been quite underwhelming, but according to the platform, it was still a win.
Coinbase Takes a Hit
Coinbase’s revenue had hit record figures from April to June this year after its debut as a publicly-traded company. But it could not escape the ramifications of the market-wide bearish movements in the following three-month period.
The exchange registered net revenue of $1.2 billion, of which $1.1 billion constituted transaction revenue. Furthermore, $1 billion originated from retail transaction revenue in Q3, meaning a decline of 44% compared to the Q2 results.
Similar to the retail counterpart, Coinbase’s institutional transaction revenue was also down by almost 34% from Q2 and stood at $67.7 mill
We współpracy z: https://cryptopotato.com/crypto-trading-volume-on-coinbase-down-29-in-q3/
