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Why did Coinbase’s quarterly volume jump to 67%
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There are multiple reasons behind the high volume of Coinbase.
- High volatility of crypto assets rates that invites retail investors
- A wide variety of crypto assets
- Coinbase enables users to purchase NFTs without owning cryptocurrencies Recently
Recently, Due to popularity and awareness, retail investors have found a way for cryptocurrencies to invest. Moreover, other investing options show less enthusiasm while recently crypto investment is entertaining due to its high fluctuations.
Investors get a wide variety of crypto coins. Like meme coins, Ethereum, NFTs and many more. So, it attracts investors to invest in unique options at the same time which generates profits for them.
Recently, coinbase has allowed this. So far, NFTs are traded only in cryptocurrencies. But due to its new adventure, investors who want to buy NFTs but don’t have cryptocurrencies are invited to trade.
Coinbase is a leading crypto trading platform. It has relieved the high jump of the trading volume of cryptocurrencies to $547B on December 31.
The recent quarter result may not be as entertaining as the last one due to the Russia and Ukraine war and global fear. Let’s see what happens at the end of this quarter!
Author Name : Kiran Sagar
