Since the explosion of ICOs last year, the cryptocurrency market has undergone some noticeable changes. While the price
of Bitcoin remains well below its all time high of 2017, institutional investors are replacing retail investors and high
net-worth individuals, becoming some of the largest buyers of cryptocurrency.
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According to a report from Bloomberg, buyers such as hedge funds have become more involved in the cryptocurrency market
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Coinbase has also seen a large drop-off in active users, along with publicly-posted trading and transactional volumes.
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A Bloomberg report on data compiled by Tribe Capital shows that the number of active (continually buying and selling
crypto assets) U.S. customers on Coinbase has declined by approximately 80% since its December 2017 high.
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