digital asset industry

The US’s largest cryptocurrency platform, Coinbase, experienced a significant decrease in spot trading volume, registering nearly $76 billion, a 52% decline compared to the same period the previous year. This is the lowest figure since before the platform’s notable direct listing on the Nasdaq Stock Market in April 2021, which took place just months before the cryptocurrency price peak.

The majority of Coinbase’s revenue, about 54% in the second quarter of this year, comes from transact