Coinbase: in 2021 ETH trading volume reached $1.4 trillion – Bits Media

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Coinbase: в 2021 году объем торгов ETH достиг $1.4 трлн - Bits Media

This year, on the Coinbase exchange, the growth of ETH trading volume was ahead of a similar indicator for BTC and other cryptocurrencies. Growth is associated with the activity of institutional investors and interest in Defi.

According to the report of the Coinbase cryptocurrency exchange, This year, the trading volume of ETH grew on it in 15 Once it has reached $1.4 trillion. Moreover, over the same period last year, the volume of trading reached only $92 billion. In terms of growth rate of this indicator in the first six months 2021 eth years surpassed all other cryptocurrencies, Including BTC. The volume of bitcoin trading on the site increased only on 489%, although he is still twice as much, than the air.

ETH also sharply increased in price this year. According to the report, compiled by Coinbase researcher Brian Foster (Brian Foster), “The second in value cryptoactive has grown in price on 895% for twelve months and on 210% in six months ". According to Coinbase, The main growth factor of ETH trading volume lies in the popularity of decentralized finance (DeFi).

“The growth of the use of Defi protocols on Ethereum confirms the value of the network as a global financial tool and a platform for developers”.

A surge of interest in ETH is associated with that, that institutional investors are increasingly paying attention to Defi. Coinbase said, that interest in investment in Defi protocols from large customers reached a peak in the first half 2021 of the year.

"For most 2020 years of Defi Trends set retail investors. But in the first half of the year 2021 years we saw a surge in interest in Defi among our institutional customers ".

Exchange researchers also note, that "traditional hedge funds and global investment banks" showed a great interest in the sector this year. Recently, the co -founder of Ethereum Vitalik Buterin said, which has high hopes for the use of the network for social purposes, going far beyond the rapid financial benefit from Defi.