back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Coinbase reports Global cryptocurrency transaction volumes rose 32%

By Joy Dumasia

July 19, 2021

  • Coinbase
  • Europe
Share

Coinbase has recently published their Quarterly Crypto Market report Q2 2021, of the UK and Europe. The Q2 cryptocurrency market report was commissioned by Coinbase and produced by Apex:E3

The figures show the ongoing interest in Ethereum, with its average daily trading volume rising 53% to $3.2bn in Q2. Ethereum’s daily traded volume made up over 80% of the daily traded volume of Bitcoin. At the same time, UK daily transaction volumes rose 30%. 

Coinbase and Apex:E3 highlighted a few key points of their report, they are as follows:

  • UK daily transaction volumes rise 30% q-o-q to £468m (from £325m in Q1) 
  • Global daily transaction volumes increased by 32%, with Asia leading the way (44% increase in volumes) 
  • Continued interest in Ethereum, with average daily traded volume up 53% q-o-q 
  • Ethereum’s daily traded volume was over 80% of Bitcoin’s daily traded volume in Q2 and represented 57% of Bitcoin’s daily traded volume over the past three quarters. 
  • The price of Bitcoin and Ethereum reached new highs of $63k & $4.2k respectively in Q2, before dropping back to $31.7k and $1.9k.

Marcus Hughes, Coinbase’s Managing Director for Europe, said: “We continue to see significant interest in a range of digital assets from both retail and institutional customers, with Ethereum continuing to grow in popularity and cementing its position as the second-largest cryptocurrency by market capitalisation. Ethereum’s trading volume grew 53% from Q1 to Q2, while Bitcoin saw a 14% decline. This resulted in Ethereum volumes making up over 80% of the traded volumes of Bitcoin in Q2, a significant increase on last year and testament to increased interest in digital assets beyond Bitcoin.”

Recently, IBS Intelligence reported that California-based Coinbase, a digital currency wallet and platform provider, has announced that its Coinbase Card can be used now with Apple Pay and Google Pay to make it even easier to spend crypto at home and on the go.

Previous Article

July 19, 2021

Augmentum Fintech boosts partnership with Tikehau Capital

Read More
Next Article

July 19, 2021

KeyBank expands its branding relationship with Cardtronics

Read More










IBSi Daily News Analysis

The Weekly Wrap

October 07, 2022

Coinbase

The Weekly Wrap: all you need to know by Friday COB | Oct 7th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

7 FinTech tweets you should see!

Read More

Today

BKN301 Tech launches 301pay

Read More

Today

PENG partners with Ecospend to benefit its small business customers with open banking services

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022