{"id":8971,"date":"2022-02-25T17:17:08","date_gmt":"2022-02-25T17:17:08","guid":{"rendered":"http:\/\/egrowonline.com\/?p=8971"},"modified":"2022-02-25T17:17:08","modified_gmt":"2022-02-25T17:17:08","slug":"coinbases-ethereum-and-altcoin-trading-leapt-in-2021-bitcoin-cooled","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=8971","title":{"rendered":"Coinbase&#8217;s Ethereum and Altcoin Trading Leapt in 2021; Bitcoin Cooled"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<ul class=\"summary-list summary-list-variant\">\n<li>Coinbase reported that the share of trading volume for ethereum and other altcoins increased last year.\u00a0<\/li>\n<li>Ethereum trading volume increased from 15% to 21% of Coinbase&#8217;s total, and altcoins increased from 44% to 55%.\u00a0<\/li>\n<li>Meanwhile, trading volume for bitcoin dropped from 41% to 24% of the total.<\/li>\n<\/ul>\n<div class=\"inline-newsletter-signup&#010;                          inline-newsletter-signup-variant&#010;                         headline-regular loading\" id=\"formContainer\" data-component-type=\"inline-newsletter-module\" data-list=\"10 Things Before the Opening Bell\" data-acq-source=\"marketsverticalinline\" data-event-label=\"10_things_markets\">\n<div class=\"js-loader hidden\">\n                        <title>Loading<\/title><br \/>\n                        Something is loading.<\/p><\/div><\/div>\n<p><a target=\"_blank\" href=\"https:\/\/markets.businessinsider.com\/stocks\/coin-stock?utm_medium=ingest&amp;utm_source=markets\" data-analytics-module=\"body_link\" rel=\"noopener\">Coinbase<\/a> reported that the share of trading volume for ethereum and other altcoins increased last year, while bitcoin&#8217;s share dropped dramatically.\u00a0<\/p>\n<p>Between 2020 and 2021, ethereum trading volume increased from 15% to 21% of Coinbase&#8217;s total trading volume, and altcoins \u2014 or assets besides ethereum and bitcoin \u2014 increased from 44% to 55%. Bitcoin dropped from 41% to 24%.\u00a0<\/p>\n<p>Overall trading volume soared 766% to $1.67 trillion last year.<\/p>\n<p>Coinbase also reported strong fourth-quarter earnings Thursday after the bell, posting $3.32 earnings per share, versus $1.85 expected. For revenue, it posted $2.5 billion, versus $1.94 billion expected.\u00a0<\/p>\n<p>However, the company said retail monthly transaction users and total trading volume would be lower in the first quarter compared to the fourth quarter, citing decreased crypto asset <\/p>\n<p>                        <span class=\"component rich-tooltip reference-autolinker no-help\" data-component-type=\"reference-autolinker\"><br \/>\n                          <a target=\"_blank\" data-site=\"bi\" data-keyword=\"volatility\" data-analytics-product-module=\"Auto-Linker\" data-analytics-product-area=\"link\" href=\"https:\/\/www.businessinsider.com\/what-is-volatility?utm_medium=ingest&amp;utm_source=markets\" data-analytics-module=\"body_link\" rel=\"noopener\">volatility<\/a><br \/>\n                          <span style=\"font-size: 0px\" \/><br \/>\n                        <\/span> as well as lower crypto market capitalization.\u00a0<\/p>\n<p>Geopolitical unrest and a more hawkish <\/p>\n<p>                        <span class=\"component rich-tooltip reference-autolinker no-help\" data-component-type=\"reference-autolinker\"><br \/>\n                          <a target=\"_blank\" data-site=\"bi\" data-keyword=\"Federal Reserve\" data-analytics-product-module=\"Auto-Linker\" data-analytics-product-area=\"link\" href=\"https:\/\/www.businessinsider.com\/what-is-the-federal-reserve?utm_medium=ingest&amp;utm_source=markets\" data-analytics-module=\"body_link\" rel=\"noopener\">Federal Reserve<\/a><br \/>\n                          <span style=\"font-size: 0px\" \/><br \/>\n                        <\/span> have both hit crypto <\/p>\n<p>                        <span class=\"component rich-tooltip reference-autolinker no-help\" data-component-type=\"reference-autolinker\"><br \/>\n                          <a target=\"_blank\" data-site=\"bi\" data-keyword=\"market cap\" data-analytics-product-module=\"Auto-Linker\" data-analytics-product-area=\"link\" href=\"https:\/\/www.businessinsider.com\/what-is-market-cap?utm_medium=ingest&amp;utm_source=markets\" data-analytics-module=\"body_link\" rel=\"noopener\">market cap<\/a><br \/>\n                          <span style=\"font-size: 0px\" \/><br \/>\n                        <\/span>, Coinbase said in its earnings report.\u00a0<\/p>\n<p>Amid the Russia-Ukraine conflict, bitcoin has plummeted as investors realize it may not be the <a target=\"_blank\" href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/bitcoin-price-today-slump-gold-safe-haven-russia-ukraine-war-2022-2?utm_medium=ingest&amp;utm_source=markets\" data-analytics-module=\"body_link\" rel=\"noopener\">gold-like safe haven<\/a> they thought it was.<\/p>\n<p>Meanwhile, analysts have pointed out the increasingly tight correlation between stock moves and crypto prices. And the prospect of several Fed rate hikes this year has hammered stocks as well as cryptocurrencies in recent months.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/coinbase-earnings-q4-2021-ethereum-altcoins-top-bitcoin-crypto-trading-2022-2\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase reported that the share of trading volume for ethereum and other altcoins increased last year.\u00a0 Ethereum trading volume increased from 15% to 21% of Coinbase&#8217;s total, and altcoins increased from 44% to 55%.\u00a0 Meanwhile, trading volume for bitcoin dropped from 41% to 24% of the total. Loading Something is loading. Coinbase reported that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[349,50,5583,5585,158,5584,723],"class_list":["post-8971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-bitcoin","tag-coinbases","tag-cooled","tag-ethereum","tag-leapt","tag-trading"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/62190267d0009b001904bd96.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8971"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8971\/revisions"}],"predecessor-version":[{"id":8973,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/8971\/revisions\/8973"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/8972"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8971"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}