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Coinbase Gains More Mobile Users Than Other Top 6 Exchanges Combined: Research

  • Alex Morris
    📊‍ Infographics

    The study reveals that Coinbase remains at the top of its game despite Binance breathing down its neck


Coinbase Gains More Mobile Users Than Other Top 6 Exchanges Combined: Research
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Coinbase, an $8 bln crypto behemoth, leads by the number of new desktop and mobile users. In fact, Coinbase’s popularity with mobile users is so high that it trumped the other top 6 exchanges combined in December.

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Binance vs Coinbase- An Honest Comparison

Coinbase vs. Binance

DataLight has estimated that Coinbase has slightly more than 2 mln mobile users (that’s almost twice as much as Binance with 991,409 users). The gap between the two leading exchanges is significantly smaller when it comes to desktop users — 2.1 mln and 1.7 mln, but the Brian Armstrong-led exchange is still on top.

Notably, Coinbase already surpassed stock brokerage Charles Schwab by the number of users in 2017. As of October 2018, Coinbase could boast 25 mln users (which means that there wouldn’t be enough Bitcoins for everyone with a Coinbase account).         

A world of difference

There is a huge contrast between the two leaders and the rest of the exchanges on the list. However, the rest of the exchanges are pretty much on the same page when it comes to their user bases. Bithumb is in third place by the number of mobile users (513,892) while taking the last position when it comes to desktop users (148,829). With Bitfinex, the situation is completely opposite — the exchange is significantly more popular with desktop users than with mobile users (377,475 vs. 85.124)


Cover image via u.today
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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

Cover image via u.today
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