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Odaily Planet Daily News: Despite higher-than-expected first-quarter revenue and profits, consumer trading volume at the largest U.S. cryptocurrency exchange was $56 billion, compared with a peak of $177 billion at the height of the last cryptocurrency bull run in the fourth quarter of 2021. Bitcoin trading volume (which provides a source of Coinbase's transaction fee revenue) has remained sluggish since the world's largest cryptocurrency hit a record high after the launch of a spot Bitcoin exchange-traded fund in March. (Bloomberg)

Odaily Planet Daily News: Despite higher-than-expected first-quarter revenue and profits, consumer trading volume at the largest U.S. cryptocurrency exchange was $56 billion, compared with a peak of $177 billion at the height of the last cryptocurrency bull run in the fourth quarter of 2021. Bitcoin trading volume (which provides a source of Coinbase's transaction fee revenue) has remained sluggish since the world's largest cryptocurrency hit a record high after the launch of a spot Bitcoin exchange-traded fund in March. (Bloomberg)

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