Crypto exchange upbitglobal passes coinbase and okxx in spot trading volume and Coinbase’s layer-2 network is set to go live next week. LedesmaLyllah and godbole17 report in First Mover Americas.
for the first time in July, according to a report from CCData, making it the world’s second-largest crypto exchange after Binance. Coinbase’s volume dropped by 11.6% to $28.6 billion in July, and OKX’s fell 5.8% to $29 billion. Upbit bucked the general market trend with a 42.3% increase to $29.8 billion. The Korean market is being driven by demand for cryptocurrencies from retail investors.
Base went live for developers in July so that they could test applications on the network. Users are now able to transfer their ether to Base, Coinbase wrote in a blog post. The Base announcement came ahead of Coinbase releasing its second-quarter results. Its revenue topped analysts' expectations, and its loss was narrower than expected.with the U.S.
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