Category: nasdaq

Institutional Crypto Trading on Coinbase Reaches Record Volume


This post is by Niccolo Conte from Visual Capitalist


Coinbase Institutional Trading Volume

The Briefing

  • Institutional trading volume on Coinbase has increased more than fivefold since Q1’2018 ($11B), reaching $57B in Q4’2020
  • Despite the surge in institutional volume, retail volume has not reached the high set in Q1’2018

Coinbase’s Institutional Volume Surges Alongside Bitcoin’s Price

As Coinbase prepares to go public with a direct listing on the Nasdaq, the company has released its S-1 filing detailing just about every aspect of their business.

Along with surging users and crypto prices, Coinbase’s trading volume has also increased exponentially, with institutions leading the way.

This graphic looks at the return of rising institutional and retail trading volumes on Coinbase over the past two years alongside bitcoin’s price.

Coinbase’s Volume and Active Users are Rising

Crypto trading volume on Coinbase set record highs in Q4’2020 with $89B in volume, with institutions making up $57B. While recent institutional volume is more than five times Q1’2018 volume, retail trading volume is still below Q1’2018 levels despite bitcoin making new all-time highs.

Overall, trading volumes on Coinbase’s platform are far greater today than they were at the peak of the last bitcoin bull run. However, monthly transacting users on the exchange in Q4’2020 just barely surpassed the numbers of Q1’2018.

Coinbase’s Monthly Transacting Users per Quarter

DateMonthly Transacting Users (millions)
Q1'20182.7M
Q2'20181.2M
Q3'20180.9M
Q4'20180.9M
Q1'20190.8M
Q2'20191.3M
Q3'20191.2M
Q4'20191.0M
Q1'20201.3M
Q2'20201.5M
Q3'20202.1M
Q4'20202.8M

Along with Coinbase’s volume figures showing a greater increase in institutional volume compared (Read more...)

Listing Requirements: From Junior Explorer to Global Mining Company


This post is by Nicholas LePan from Visual Capitalist


Listing Requirements for a Mining Company

Making it to the Top: Listing Requirements From Junior Explorer to Global Mining Company

Only a few companies ever meet the listing requirements of global stock exchanges, but the effort to list can be worth it.

In 2019, Newmont produced 6.3 million ounces of gold and earned a net income of $2.9B and returned $1.4B to shareholders in dividends.

This infographic from Corvus Gold looks at the requirements and stages a mining company could face along its journey from a mineral prospect to a global mining company.

The Odds of Discovery

There are 510 million km2 (196,900,000 square miles) on the surface of the Earth and the crust is on average 40 kilometers thick (24 miles). Somewhere in there lie the next deposits of gold.

Mineral exploration companies use drill bits that range in diameter from 76-320 millimeters to explore the subsurface. The deepest drill hole is the Kola Superdeep Borehole which measured 12.2 kilometers (7.6 miles). However, most mineral exploration companies rarely drill longer than a kilometer.

Finding a gold deposit, let alone an economic one is akin to using a hair to find a needle in the proverbial haystack. To mitigate this, a typical junior mining company improves its odds by building a portfolio of properties that show potential through hints of gold and other minerals revealed from surface sampling, aerial magnetic surveys, and historic data.

Then, to dig even deeper, a company can raise capital privately for the properties that show potential. Valuations of these mineral (Read more...)