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Coinbase says Ethereum volume tops Bitcoin as DeFi, NFTs gain popularity

  • 9 mths ago

Ethereum was the most traded cryptocurrency on the Coinbase exchange during the three months through June, as investors explored the world of decentralized finance.

Ethereum, the second-largest cryptocurrency by market capitalization, was responsible for 26% of the trading volume on Coinbase, compared to 24% for Bitcoin. A year ago, Bitcoin commanded 57% of total volume on the platform versus 15% for Ethereum. 

Total trading volume during the second quarter was $462 billion, up 1,550% from $28 billion a year ago. 

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