Moreover, the company is expecting to release its earnings report this week regarding the Q2 under review.
Coinbase’s Offshore Exchange has witnessed the emergence of success for its brand after surpassing a trade volume of $1.96 billion in July. In a new and rapidly expanding venture, these trading figures speak to the success of the recent international expansion plan put in place by Coinbase. Despite the fact that the month showed a gradual lack of momentum, the news regarding the offshore venture remain stellar. The well-known digital asset company has been met with trouble in the past when dealing with US regulatory standards, and its case pending with the SEC, but appears to have prospered in new and stable investments.
The registered in Bermuda exchange premiered with Bitcoin and Ether contracts and managed $1.963 billion in trading volume in that timeframe. If this success remained individually, the offshore Coinbase exchange observes impressive performance, however this is still apart of the larger achievment and response to recent crypto futures proceeds. Overall, the entire crypto futures sector, as reported by The Block, exceeded $550 billion in July. Aside from stellar trading figurers, Coinbase will be announcing its second quarter earnings this week in order to provide an understanding of more monetary gains in the months to come.
