As per the underlying diagram,within the3rd quarter of 2018 the USD volumes on Coinbase’s exchangewaved tolowestlevelsthroughoutthe past year. Compared toan equivalentamount sincelast year, thedaily tradevolume of Bitcoin [BTC] ispresentlyslightly higher, around $5.4 Bln versus compared to the $4.6 Bln in 2017. The daily commercevolume of Ethereum [ETH] along with Litecoin [LTC] representsthe largestslumps.
Performance of another major crypto exchange, Bitstamp, is somewhatcomparatively better. The daily commercevolume of Bitcoin [BTC] is around $4.4 Bln,whereaswithin thesameperiodlast yearit was somewhat around at $4.6 Bln. Ethereum [ETH]commercevolume been hasup by almostdoubleand ispresently$669.1 Mln compared to $322.8 Mln inSep.last year.The foremostvitaldrop of the year isrepresentedby Litecoin [LTC], with a current volume of $113.4 Mln against $266.2 Mln compared to the last year.
While the commercevolumesis alsolow on the Coinbase’s exchange, that has been actively diversifying andincreasing its services. Last month, the exchange rolled out a new updatereferred to as“Coinbase Bundles,”thatis meant tomodify the existingcryptocommerce with simplicity. The Bundle consistsof 5cryptocurrencies supported on Coinbase that include Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Bitcoin Cash [BCH], and Ethereum Classic [ETC].
Coinbase also announced a newmethodthat maypermitit to listadditionaldigital assetsquicker. However,this methodreferssolelyto digital assets thatarecompliant with thenativelaws,which suggeststhatcertainassets listed on the platformmightsolelybeofferedto customersin particularjurisdictions.
Even last week, it was reported that Coinbase is reportedly finishing negotiationsthat mayvaluethe corporateat $8 Bln. Coinbase issupposedlyin talks with TigerGlobaland its shareholdersconcerningapotential$500 Bln investment. The sources reportedlyaforesaidthat Coinbase would add $250 Bln to its treasury,whereasanother $250 Mlnmight beslatedfor purchasingout existing investors.