As per the underlying diagram, within the 3rd quarter of 2018 the USD volumes on Coinbase’s exchange waved to lowest levels throughout the past year. Compared to an equivalent amount since last year, the daily trade volume of Bitcoin [BTC] is presently slightly higher, around $5.4 Bln versus compared to the $4.6 Bln in 2017. The daily commerce volume of Ethereum [ETH] along with Litecoin [LTC] represents the largest slumps.
Performance of another major crypto exchange, Bitstamp, is somewhat comparatively better. The daily commerce volume of Bitcoin [BTC] is around $4.4 Bln, whereas within the same period last year it was somewhat around at $4.6 Bln. Ethereum [ETH] commerce volume been has up by almost double and is presently $669.1 Mln compared to $322.8 Mln in Sep. last year. The foremost vital drop of the year is represented by Litecoin [LTC], with a current volume of $113.4 Mln against $266.2 Mln compared to the last year.
While the commerce volumes is also low on the Coinbase’s exchange, that has been actively diversifying and increasing its services. Last month, the exchange rolled out a new update referred to as “Coinbase Bundles,” that is meant to modify the existing crypto commerce with simplicity. The Bundle consists of 5 cryptocurrencies supported on Coinbase that include Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Bitcoin Cash [BCH], and Ethereum Classic [ETC].
Coinbase also announced a new method that may permit it to list additional digital assets quicker. However, this method refers solely to digital assets that are compliant with the native laws, which suggests that certain assets listed on the platform might solely be offered to customers in particular jurisdictions.
Even last week, it was reported that Coinbase is reportedly finishing negotiations that may value the corporate at $8 Bln. Coinbase is supposedly in talks with Tiger Global and its shareholders concerning a potential $500 Bln investment. The sources reportedly aforesaid that Coinbase would add $250 Bln to its treasury, whereas another $250 Mln might be slated for purchasing out existing investors.