Coinbase (NASDAQ:COIN) has released its earnings report for the third quarter of 2021. The report reveals the trading volume of the various coin pairs including.
If you compare Bitcoin and Ethereum, you will notice that ETH has overtaken BTC in terms of trading volume for the first time in two consecutive quarters.
In terms of total volume, Ethereum accounts for 22% of the volume on the platform, while Bitcoin is at 19%. The other coins account for the remaining 59%.
However, Bitcoin still ranks second in terms of trading volume and continues to rank first among the highest capitalized digital assets in the world. All funds on Coinbase remain over 21% in BTC and over 22% in ETH. This is due to the fact that most trading pairs are still tied to BTC, making it impossible to trade without it.