Coinbase sees more trades/minute last week than it has since early 2018

22 May, 2019
by David Borman
Coinbase sees more trades/minute last week than it has since early 2018

It has been observed by Coindesk Markets that last week, major exchange Coinbase recorded more trades per minute, on average, than it has seen since the week of March 4th, 2018. This comes along with the recent rally in price and return of the bull market, so it makes sense more people are trading.

Coinbase saw a recent high of 116 transactions per minute, which almost matches the high seen in early March of last year, at 120. Of course, even higher highs were seen in the couple of months preceding that, as that was the midst of the previous bull run.

This gives investors yet another bullish sign that we are now in crypto spring. It stands to logic that as the market rises, the volume of activity around Bitcoin would rise as well. It remains to be seen what this week will bring, but if the price of Bitcoin can continue to rise, then we should likely expect a correlation with volume on exchanges like Coinbase.

This comes as one of many indicators of growth across all of crypto. Chepicap recently reported that the number of transactions seen on the Ethereum network has risen by 44% in just three months. Along with the general uptrend in almost all Altcoin prices, it certainly seems like the market has turned around.

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Will we see even higher trading volume this week?

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