Coinbase’s volumes indicate a tough road ahead in going public

Coinbase is having a tough year with monthly volume being only 6% of what it was a year ago. The revenue, which is still almost exclusively driven by trading commissions, could drop by up-to 56% year-over-year if the market conditions remain the same.

Monthly traded volume on cryptocurrency exchanges is down more than 80% from an all-time high in December 2017, according to The Block’s analysis. In a sector driven almost entirely by commissions, the sharp drop in trading volume reflects directly on revenues.

Original source
https://www.theblockcrypto.com/2019/03/18/coinbases-volumes-indicate-a-tough-road-ahead-in-going-public/

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