Bloomberg: As the cryptocurrency industry matures, Coinbase's trading revenue faces pressure

ChainCatcher news, although the first quarter revenue and profit exceeded expectations, the consumer trading volume of the largest cryptocurrency exchange in the United States was $56 billion, compared to the peak of $177 billion during the last cryptocurrency bull market in the fourth quarter of 2021. Since the launch of the spot Bitcoin exchange-traded fund in March, Bitcoin's trading volume (which provides a source of trading fee revenue for Coinbase) has remained sluggish despite reaching an all-time high for the largest cryptocurrency.