Coinbase appears to be feeling the cold touch of the Crypto Winter the most amongst Centralised Exchanges (CEX). The largest American cryptocurrency exchange by trade volume appears to have lost its position on the list of top crypto exchanges patronized by investors and traders. Opinions within the space suggest it could fall further down the list.
Coinbase is now the 14th largest crypto exchange
According to data gathered by Mizuho Securities USA – the American subsidiary of Japanese investment bank Mizuho Securities – Coinbase has sunk below the Top 10 list of largest crypto exchanges by trade volume, dropping to the 14th position. This is alarming, considering the exchange was sitting pretty on the 4th position late last year.
Data further reveals that this month, Coinbase’s contribution to the average market share of the top 30 centralized exchanges was a meager 2.9%. To put things in perspective, this value is down from 5.3% in Q1 2022 and about 3.6% in the second quarter of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...