The competition in the market of cryptocurrency has been increasing keeping in mind the creativity and revolution in the same industry. The recent year has seen an increased number of active investors in the market of blockchain technology. However, this competition brings many exchanges giving the traders and investors the opportunity to choose from the best. Similarly, Coinbase is the topmost exchange among the cryptocurrency network. Coinbase offers its customers with a variety of services to choose from and maintains the quality of the same. It is a platform for many small investors (retail), provides wallet services, and many other products.
Reduction in the prices of shares of the cryptocurrency exchange
Coinbase saw decline in the prices of the shares after they reported a reduced income in the third quarter of the year. The engagement by the investors were less as compared to the other quarters. The officials reported that had it been a better quarter of the year, the engagement by the customers would have increased parallelly. However, it would be inappropriate to look for quarterly based results as the exchange is focused on the long term commitments.
The volume of trade reduced with a higher percentage for the third quarter
The traders also showed their disappointment in the exchange by reducing the volume of trade. However, the officials of the exchange are calling it a productive month. The exchange have been facing threats from the existing authorities to get sued if the exchange continues to introduce the lending programs in the future.
