Coinbase Spot Trading Volume Drops 52% in Q3 as Crypto Market Slump Continues

Coinbase's spot trading volume fell 52% in Q3 2023 compared to Q3 2022, down to around $76 billion.

The drop highlights decreasing interest in crypto trading on the exchange.

Despite the volume decline, Coinbase gained market share as Binance faced more regulatory scrutiny.

While some exchanges saw drops, others like OKX, Huobi, and Gate.io saw web traffic increases.

The lowering volumes come as the crypto market remains down from its highs in 2021.