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Ether Trading Volume Surged 1,400% in First Half as Institutions Took Exposure: Coinbase

From coindesk.com

The ether (ETH, +3.52%) market was almost three times busier than bitcoin (BTC, +7.36%) in the first six months of the year as large investors diversified into the native token of Ethereum’s blockchain, according to crypto exchange Coinbase’s half-yearly review published on Monday. Ether's trading volume totaled $1.4 trillion in the January-to-June period, a 1,461% rise from $92 billion observed in first-half 2020. Trading volumes in bitcoin, the biggest cryptocurrency, rose 489% to $2.1 trillion during the same period. Ether also outshone bitcoin, the S&P 500 and gold in price performance, rallying 210% over the six ... (full story)

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  • Category: Fundamental Analysis