Cryptocurrencies
Coinbase May Drop From Ranks of Top Crypto Exchanges as Volume Falls
- The exchange continues to lose market share this month: Mizuho
- All that could weigh on Coinbase’s profitability, say analysts
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Coinbase Global Inc. is falling out of the coveted list of the world’s top 10 digital-asset exchanges by volume as the markets battle crypto winter.
The latest data for this month so far shows the firm is now the 14th largest exchange, down from the fourth-biggest in late 2021, according to Mizuho Securities USA LLC.