Ether trading volumes surpass bitcoin on Coinbase for the first time as DeFi and staking hype grows

Ether was the most-traded cryptocurrency on Coinbase in the second quarter of the year, jumping ahead of bitcoin as excitement grew around decentralized finance and staking – two use cases that have drawn investors to the world’s second-biggest cryptocurrency. Trading in ether made up 26% of total volumes in the second quarter, up from 21% in the previous three months, Coinbase’s second-quarter earnings showed on Tuesday.

Read how Coinbase’s second-quarter earnings show that Ethereum has surpassed Bitcoin in volumes even as De-Fi and staking get more popular on Market Insider.

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