- The Block analyzed the volume and price activity of 19 assets prior to their Coinbase listing announcement
- We found some assets saw their volumes spike over 500% one day prior to the exchange announcing it would list the asset
Coinbase, the San Francisco-based cryptocurrency exchange, has continued to maintain its position as the largest cryptocurrency exchange by volume in the U.S. In fact, as The Block has previously noted, Coinbase’s trading volume is projected to hit a 16-month high, gaining market share in the process.
In return for this increase in volume, however, Coinbase’s brand cachet has shown hints of deterioration.