Cryptocurrency Q&A
How big is Coinbase's institutional business?
How big is Coinbase's institutional business?
Nicola
Fri Jul 19 2024
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6
answers
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Could you elaborate on the scale and significance of Coinbase's institutional business? How does it compare to its retail operations? Are there any key metrics or figures that indicate the growth or dominance of its institutional segment? Furthermore, how does Coinbase's institutional offering cater to the needs of large investors and financial institutions? Are there any specific services or products that have been particularly successful in attracting this segment? Lastly, what are the potential implications of Coinbase's institutional growth for the overall cryptocurrency market?
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6 answers
Nicola
Sun Jul 21 2024
This upward trend suggests that institutional investors are increasingly turning to Coinbase as a trusted platform for cryptocurrency trading.
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Nicola
Sun Jul 21 2024
Presently, over 9,000 institutions have entrusted their assets with Coinbase, totaling approximately $92 billion.
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Sara
Sun Jul 21 2024
This expansion in institutional participation has been accompanied by a surge in trading volume.
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EmilyJohnson
Sun Jul 21 2024
In the second quarter, the exchange's institutional trading volume reached $317 billion, representing a 47% increase from the previous quarter.
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JejuSunshineSoulMateWarmth
Sun Jul 21 2024
Notably, institutional volume now accounts for 69% of Coinbase's total trading activity, up from 64% in the first quarter.
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