{"id":17828,"date":"2024-10-16T18:15:47","date_gmt":"2024-10-16T15:15:47","guid":{"rendered":"https:\/\/forklog.com\/en\/coinbase-observes-cryptocurrency-market-reaching-maturity\/"},"modified":"2024-10-16T18:15:47","modified_gmt":"2024-10-16T15:15:47","slug":"coinbase-observes-cryptocurrency-market-reaching-maturity","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-observes-cryptocurrency-market-reaching-maturity\/","title":{"rendered":"Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’"},"content":{"rendered":"

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report<\/a> by Coinbase and Glassnode.<\/p>\n

Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization.<\/p>\n

In 2024, the number of daily active Ethereum addresses surged, with transactions increasing fivefold compared to early 2023.<\/p>\n

\"1-1261\"
Data: Coinbase, Glassnode.<\/figcaption><\/figure>\n

The second-largest cryptocurrency regained a significant share of fees among Layer 1s, rising from a low of 9% at the end of August to 40% by the end of September.<\/p>\n

Interest in stablecoins, whose capitalization reached $160 billion, is driven by investors shifting focus towards more ‘quality’ assets and the emergence of new use cases.<\/p>\n

Bitcoin also benefited from the trend of reduced risk appetite.<\/p>\n

\"2-917\"
Data: Coinbase, Glassnode.<\/figcaption><\/figure>\n

The volatility of digital gold over a three-month horizon fell below 60%, compared to a peak of ~130% in 2021.<\/p>\n

During the third quarter, spot ETFs based on the first cryptocurrency attracted $5 billion.<\/p>\n

\n

“Markets have become deeper, more liquid, more complex, and more accessible,”<\/em> experts stated.<\/p>\n<\/blockquote>\n

Congress Struggles to Keep Up with the Market<\/strong><\/h2>\n

Coinbase’s Head of Security, Phillip Martin, lamented in an interview with Cointelegraph<\/a> about the low level of cryptocurrency education in the US Congress, which could lead to the adoption of ‘bad laws.’<\/p>\n

The platform educates lawmakers on consumer protection, security, and combating illegal activities.<\/p>\n

The expert noted that transactions deemed unacceptable from a regulatory perspective account for 0.34% of digital asset volume.<\/p>\n

\"3-516\"
Data: Chainalysis.<\/figcaption><\/figure>\n

The expert added that such a level of transparency is “completely impossible in TradFi<\/span>.”<\/p>\n

Earlier, Tether reported blocking funds on ~1850 addresses, recovering more than $113.8 million<\/a>, including $5 million linked to the Lazarus Group. The USDT issuer also assisted in freezing $1.86 billion stolen in various fraudulent schemes.<\/p>\n

As reported by Chainalysis, the volume of laundered cryptocurrency since 2019 was estimated at $100 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]<\/p>\n","protected":false},"author":1,"featured_media":17827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1273,1145,1150,36,1230],"class_list":["post-17828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-glassnode","tag-market-analysis","tag-news-plus","tag-regulation","tag-us-congress"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17828"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17827"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}