Crypto Coin Volume Trends on Coinbase and Other Exchanges

Crypto coin volume trends on Coinbase and other exchanges can be a bit overwhelming, but let's break it down.

In 2020, the total trading volume on Coinbase reached $730 billion, a significant increase from $100 billion in 2017. This shows that more people are using the platform to buy and sell cryptocurrencies.

Coinbase's trading volume has been steadily increasing over the years, with a notable spike in 2020 due to the COVID-19 pandemic. This surge in trading volume was largely driven by the rise of Bitcoin and other popular cryptocurrencies.

The top 5 cryptocurrencies on Coinbase by trading volume in 2020 were Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple.

Coinbase Statistics offer a glimpse into the exchange's activity and popularity.

Coinbase's 24-hour trading volume is valued in Bitcoin. This metric calculates how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on Coinbase, making it a direct supply & demand indicator of the exchange.

The exchange's trading volume can fluctuate significantly, with a 24-hour change in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on Coinbase, compared to the previous 24 hours.

Coinbase's exchange Volume Dominance among all other exchanges in the market can be a key indicator of its popularity and influence.

Here is a summary of Coinbase's statistics:

These statistics provide a snapshot of Coinbase's activity and popularity, making it easier to understand the exchange's role in the cryptocurrency market.

Coinbase Exchange is a top-ranked platform in the crypto space, coming in at #4 on the BitDegree Exchange Tracker. It boasts a trading volume of $2,672,884,439 in the last 24 hours and a staggering $1.43T in the last 7 days.

Coinbase currently has a vast array of options available to traders, with 247 cryptocurrencies, 3 fiat currencies, and 589 markets (cryptocurrency trading pairs) to choose from. The most popular trading pair on Coinbase is BTC/USD.

The Top pairs traded on Coinbase are dominated by BTC/USD, USDT/USD, ETH/USD, SOL/USD, and XLM/USD, making up a whopping 72% of the market. In monetary value, this translates to $1,913,040,366.

Here's a breakdown of the top 5 pairs traded on Coinbase:

The most dominant trading pair on Coinbase is BTC/USD, with a price of $96,842.22, a volume of $1,017,706,742, and a dominance rate of 37.66%.

The top trading pairs on Coinbase exchange are dominated by BTC/USD, making up 38% of the market. This is a significant share, considering the total market dominance of the top 5 pairs is 72%.

BTC-USD has a price of $96,559.90 and a volume of $1,005,956,277, indicating high liquidity and trading activity. This is a clear indicator that investors are actively buying and selling this pair.

Understanding the importance of volume and market cap is essential for investors navigating the complex world of cryptocurrency trading.

Coinbase Markets' Analysis reveals that the top pairs traded on the exchange are BTC/USD, USDT/USD, ETH/USD, SOL/USD, and XLM/USD, accounting for 72% of the total combined volumes.

The most dominant trading pair on Coinbase is BTC/USD, with a price of $96,559.90, a volume of $1,005,956,277, and a dominance rate of 38%.

The top 5 pairs on Coinbase have a total sum of combined volumes worth $1,913,040,366.

The top 5 pairs on Coinbase are:

Market capitalization, or market cap, is another key metric that investors use to evaluate the value of a cryptocurrency. It's calculated by multiplying the current price of a coin by its total circulating supply.

Market cap provides an indication of a coin's relative size within the crypto market and is often used to rank cryptocurrencies in terms of their overall value. This is why investors tend to look for cryptocurrencies with a high market cap, as they are typically more established and have a larger user base.

Coins with a higher market cap are also perceived as being less volatile and more likely to withstand market fluctuations. However, it's essential to note that market cap alone does not provide a complete picture of a coin's potential for growth or investment returns.

The most dominant trading pair on Coinbase is BTC-USD, which has a market cap that's a significant part of the total market cap of the Top 5 pairs on the exchange. In monetary value, the Top 5 pairs on Coinbase exchange are worth $1,913,040,366.

Coinbase currently supports 247 cryptocurrencies, which is a significant number of options for traders and investors.

The most popular trading pair on Coinbase is BTC/USD, with a price of $96,842.22 and a volume of $1,017,706,742.

Coinbase also supports 3 fiat currencies, which are US Dollar, Euro, and Pound Sterling.

The top 5 trading pairs on Coinbase are BTC/USD, USDT/USD, ETH/USD, SOL/USD, and XLM/USD, which account for 72% of the market dominance.

Here's a breakdown of the top 5 trading pairs on Coinbase:

Coinbase's trading volume is significant, with $2,672,884,439 in the last 24 hours and $1.43T in the last 7 days.

Coinbase is a Centralized Exchange that ranks #4 on BitDegree Exchange Tracker, with a trading volume of $2,672,884,439 in the last 24 hours and $1.43T in the last 7 days.

It currently has 247 cryptocurrencies, 3 fiat currencies, and 589 markets (cryptocurrency trading pairs) available for trading.

The most popular trading pair on Coinbase is BTC/USD.

Coinbase Pro is a centralized cryptocurrency exchange (CEX) and part of the Coinbase ecosystem, established in 2012.

The total spot trading volume on centralized exchanges crossed $2.8 trillion in December, slightly above November's spot trading volume of $2.71 trillion.

Binance alone captured around $961 billion spot trading volume, followed by Crypto.com, Upbit, Bybit, and Coinbase.

Despite the crypto market's current price declines, the trading volume witnessed substantial increases on both centralized and decentralized exchanges.