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❕NEWS Ethereum volume is higher than BTC volume on Coinbase

AudraMiller

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There are many cryptocurrency exchange platforms that are being developed on a regular basis however some of the more prominent and common ones that people are actually making use of is coinbase. For many people this actually forms the first form of interaction that they have with cryptocurrency in terms of how they using it as a wallet or an exchange platform. In a recent analysis of the financial indicators that are surrounding this company it seems that the second quarter profit has actually shown a major increase with the profits being recorded as 1.6 billion dollars. According to the analysis however it seems that this is largely contributed to the Ethereum coin, which was supposedly having a much higher trading volume than Bitcoin. What are your thoughts on this development and do you actually think that this is the start of a very good rivalry between these two cryptocurrencies?
 

Josemendez

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This is not surprising because ethereum has use cases and this will promote it's buys . The Defi projects and the new digital assets known as Non fungible tokens are contributors to this
 

AudraMiller

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This is not surprising because ethereum has use cases and this will promote it's buys . The Defi projects and the new digital assets known as Non fungible tokens are contributors to this
How have the NFTs been contributing to ETH if i may ask? If i am not mistake they are two completely separate entities in the cryptocurrency space.
 

Josemendez

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How have the NFTs been contributing to ETH if i may ask? If i am not mistake they are two completely separate entities in the cryptocurrency space.
NFT's are built on ethereum network and for one to buy it sell it ,the person needs to have ethereum for transaction fee and buying the nft
 

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