Coinbase Sees 80% Decline in Volume, Trader Count Since January 2018

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2018’s Bear Market Hasn’t Been Kind To Coinbase. Since Bitcoin’s infancy, when blocks weren’t full and altcoins were few and far in-between, the world-renowned Coinbase has been touted as a leading cryptocurrency platform. Chances are, the first time you entered the cryptosphere, you likely entered your personal information into one of Coinbase’s multitude of platforms and products, which have been used by millions of investors across the globe.

However, 2018’s extended bear market hasn’t been kind to the startup, to say the least, with reports emerging that state that Coinbase has seen a large drop-off in active users, along with publicly-posted trading and transactional volumes.

Per a Bloomberg report on data compiled by Tribe Capital, the number of active (continually buying and selling crypto assets) U.S. customers on the platform has declined by approximately 80 percent since December 2017’s high. Exact numbers weren’t given by Tribe, a fintech-centric venture group, and representatives from Coinbase declined to comment on the statistics. See more for yourself here.