The lingering crypto bear market has had a significant effect on the total trading volume found on major exchanges in 2018.

According to a recent report published by Diar, a market research group, the trading volume on Coinbase hit a 1-year low in the third quarter of the year.

Based on this data, the trading volume for the major coins listed on Coinbase, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) have all dropped off more than 50%. Notably, total USD volumes for BTC dropped from $24.3 billion in Q4 2017 to $5.4 billion in Q3 2018, a whopping 78% fall.

Diar

Despite the massive drop-off in trading volume, Coinbase is currently raising an investment round of up to $500 million at an $8 billion valuation, a significant bump from the $1.6 billion VC valuation made in the summer of 2017.

More: 3Q18: Coinbase Volumes Hit 1-Year Low, Ether Plummets on Binance
Similar: Cryptocurrency Trading on Coinbase has Dropped 83% Since January

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager