Coinbase’s fallen cryptocurrency trading star

Sent on July 18, 2022, 12:04 pmUpdated July 18, 2022 at 3:29 pm

The cryptocurrency trading industry is ruthless. Coinbase, one of the leading cryptocurrency trading platforms in the United States, is suffering the brunt of particularly fierce competition. In a few months, the company founded in 2012 went from the fourth world trading platform to the fourteenth position in July, penalized by the drop in volumes traded.

Now, Coinbase has a 2.9% market share according to analyst Mizuho. And this proportion is in free fall. In the first quarter, the company claimed a 5.3% market share, before falling to 3.6% in the second quarter.

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