Developments in the crypto markets have taken impressive turns in recent weeks, especially in the period following the US elections. Interested investors and market observers are focusing on the performance of Coinbase, one of the leading crypto exchanges. The upcoming quarterly figures on February 13 could have far-reaching effects on the company and the entire market.
What you can expect in this article
liquidity levels and trading activities
The changing landscape for USDC
Coinbase and the challenge of diversification
Market data as indicators of success
The predictions for Coinbase
liquidity levels and trading activities
Liquidity in the altcoin space has increased notably. This has been especially evident since September, when daily liquidity – measured by the 1% market argentina phone number list depth of 50 of the most significant altcoins – has almost doubled. Currently, this figure stands at around $960 million. Interestingly, however, these gains are unevenly distributed, with the top 10 altcoins now accounting for 64% of the total market depth. However, smaller tokens ranked below the top 50 are gaining prominence and catching up with the previously most dominant groups.
The changing landscape for USDC
Another important point is the increasing trading volume of USDC on Binance. With a weekly trading volume of $24 billion in January, Binance has increased its share of the global USDC market to an impressive 49%. This follows the strategic partnership with Circle, which aims to boost USDC adoption. Competition in the stablecoin market is getting intense, with new players vying for market share.
Coinbase and the challenge of diversification
Coinbase has been increasingly trying to playground on suhler straße diversify its revenue streams in recent years by introducing services beyond trading. Despite the significant revenue it generates from subscriptions and services — which are related to blockchain rewards, custody fees. And interest — the america email trading division remains the heart of the company. However, these divisions are also vulnerable to market volatility and could suffer during periods of weak price movements.