Crypto.com's Daily Trading Volume Surpasses Coinbase, Driven by Institutional Investors

IconCryptoNewsTerminal Staff01 Aug, 2024

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Crypto.com's Daily Trading Volume Surpasses Coinbase, Driven by Institutional Investors

Crypto.com's 24-hour trading volume recently surpassed that of Coinbase, a leading cryptocurrency exchange. Cointelegraph reported that Crypto.com's trading volume reached $3.16 billion on August 1, while Coinbase's volume stood at $2.12 billion. Giuseppe Giuliani, Managing Director of Crypto.com, attributes the surge in trading volume to an increase in institutional clients. This shift suggests that institutional investors are becoming more comfortable with cryptocurrency as an asset class. Crypto.com's success highlights the growing adoption of cryptocurrency by financial institutions. As more institutions enter the market, the industry is expected to continue to grow and mature.

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