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25.11 - 15:33
Current Cycle Less Speculative, Users Moving Beyond Bitcoin and Ethereum - Coinbase
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The adoption curve of crypto starts with bitcoin (BTC), before moving to ethereum (ETH), decentralized finance (DeFi) and other cryptoassets, the US-based crypto exchange Coinbase said in an earnings call this week. They also noted that the current market cycle “feels less speculative” than past cycles, with real use cases coming into focus.
In terms of a typical user’s journey into crypto, Coinbase’s Chief Financial Officer (CFO) Alesia Haas said that people generally start with bitcoin, before they move beyond just buying and holding BTC, ETH or other cryptocurrencies offered on the exchange.
“And what we see there is an adoption curve that starts with Bitcoin, typically then moves to Ethereum but is quickly then picking up to other
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