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This statistic highlights Coinbase’s Trading Volume, starting from Q1 2020 onwards.
Period | 2022 Q3 | 2022 Q4 | 2023 Q1 |
Trading Volume | 1,59,000.00 | 1,45,000.00 | 1,45,000.00 |
The above figures are in USD Millions.
As per the above table, the trading volume of Coinbase Global for 2022 Q3 is 159 Billion. The reduction of volume of Coinbase Global from 2022 Q3 to 2022 Q4 is 145 Billion. The trading volume of Coinbase Global is constant in 2023 Q1. It has a fall of 9.66% from the year 2022 Q3 to 2023 Q1.
Trading Volume (TV)
It refers to the total number of shares traded in the market. It also contains contracts and units traded in a particular financial market within a given time. The TV is calculated by summing up the number of shares or contracts bought or sold during a given period. For example, if 1000 shares are traded in a day, the trading volume for that day would be 1000. It is a significant metric for investors and traders, providing insights into market changes and investor interest in a particular security or asset. High trading volumes indicate increased liquidity and the presence of active buyers and sellers, making it easier to execute trades without significant price impact.
On the other hand, low trading volume may suggest limited market interest and participation. It can also make buying or selling securities harder without affecting their prices. Trading volume is commonly used in technical analysis. Traders analyze patterns and trends in trading volume to identify potential price movement and make informed trading decisions. It is often depicted in charts along with price data to gain a better understanding of market behavior.
About COIN
Coinbase Global Inc. is a cryptocurrency exchange and digital asset platform. It was founded in 2012 by Brian Armstrong and Fred Ehrsam and is headquartered in San Francisco, California. Coinbase provides a platform for buying, selling, and storing various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Coinbase is one of the world’s largest and most popular cryptocurrency exchanges. It offers a user-friendly interface and supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. Users can trade these cryptocurrencies against fiat currencies like the US dollar, Euro, and others. Coinbase has played a significant role in the popularization and adoption of cryptocurrencies. It has a user-friendly interface and regulatory compliance has helped attract a large user base, including individual investors and institutions.
Transaction revenue for the year ended December 31, 2022, was reduced by $4.5 billion as compared to the year ended December 31, 2021, primarily due to the following: A reduction in consumer TV of 69% due to a reduction in crypto market capitalization including the average crypto asset prices. Additionally, decline in Crypto Asset Volatility by 32%. TV on COIN correlated with Crypto Asset Volatility.
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