Coinbase -- biggest USD exchange on earth?

[Bugeater]

I don't know if this is the right place for this, but around 5am Eastern time today Coinbase volume exploded, and they are now the biggest US Dollar exchange and around 50% of the total, after being 5th or 6th all year since they've opened.  I assume they are calculating volume differently?  However, if this is right, this seems to be a great sign for Bitcoin if Americans are all of a sudden trading like crazy. 

Does anyone know what is going on here?

[LiteCoinGuy]

chinese exchanges are the biggest but coinbase is in the top5 i guess.

https://bitcoinity.org/markets/list


edit: they are on 3 right now. it seems they have pretty much traffic. 

[Bugeater]

As in the title, I was only talking about US Dollar exchanges.  Coinbase was normally 5th or so all year in US Dollar exchanges.  The top two Chinese exchanges don't charge fees per trade so it's widely accepted they are both inflating their volume numbers.  We basically have to take their word.  For better or worse Coinbase is much more highly regulated and thus their number reporting should be accurate and trustworthy. 

http://coinmarketcap.com/currencies/bitcoin/#markets   Now 1st by a long shot.  

[n2004al]

I don't know if this is the right place for this, but around 5am Eastern time today Coinbase volume exploded, and they are now the biggest US Dollar exchange and around 50% of the total, after being 5th or 6th all year since they've opened.  I assume they are calculating volume differently?  However, if this is right, this seems to be a great sign for Bitcoin if Americans are all of a sudden trading like crazy. 

Does anyone know what is going on here?

That is a clear sign of the evaluation given by the market and the costumers to someone or better a group of people who know, want and do fair business. Coinbase was a simple startup three-four years ago when began its way as a bitcoin business. With clear ideas in mind. I know this because I am user of Coinbase wallet since about three years ago and since that time their aim to be a big successful world business was clear showed. Giving direct answers which showed this they aim to me during my correspondence with them about the possibility that the full options of their e-wallet be possible even in my country which is a little and not important one. Their prices in buying and selling of bitcoin are the best ones. Are correct with everything. Why must not have "explosion" of work and volume? 

[Denker]

chinese exchanges are the biggest but coinbase is in the top5 i guess.

https://bitcoinity.org/markets/list


edit: they are on 3 right now. it seems they have pretty much traffic. 

What the heck?!That's crazy!
This must be a bug or a broken bot. I mean come on.Can you imagine this being an institutional investor?
I don't think so.Will definitely have an eye on that.

[gentlemand]

That's very strange. I can't see any compelling reason why their volume would suddenly hit the stratosphere like that. That chart also highlights how piddly Gemini is at present. 276 coin volume? I wonder how long they can continue burning money.

[LiteCoinGuy]

chinese exchanges are the biggest but coinbase is in the top5 i guess.

https://bitcoinity.org/markets/list


edit: they are on 3 right now. it seems they have pretty much traffic.  

What the heck?!That's crazy!
This must be a bug or a broken bot. I mean come on.Can you imagine this being an institutional investor?
I don't think so.Will definitely have an eye on that.

6.03 % market share atm - some weeks ago that was 1%...    

30days average:

[helloeverybody]

Does anyone know whats causing the massive volumes? Seems strange?

[keepdoing]

Does anyone know whats causing the massive volumes? Seems strange?

Yes.  It is called news media exposure in a financial panic cycle.  I swear it is almost amusing to watch this little microcosmic bitcoin community.  Do you people live in a vacuum?

Coinbase is the obvious winner in U.S. trading exchange platforms.  And the Craig/Satoshi story has blasted Bitcoin into the mainstream financial news network. 

It is simple.... the story of bitcoin speaks for itself - once it speaks.  People are greedy. They are looking around for safe haven and alternative investments.  All they had to do is SEE bitcoin, and then it has become obvious where it is going, so it's starting to explode out of the gate.  There is a huge influx of capitol - and it is going to speed up.  You can already see smackdown after smackdown of the bitcoin price not making any difference.

There are buyers coming in in masse - and they are trading it up.

Not that complicated.

[QuestionAuthority]

People are showing that they appreciate being heavily regulated and enjoy releasing their personal information to US corporations. I guess that proves the majority of Bitcoiners like the current financial system. They voted with their wallets.

[BTCBinary]

I personaly don't like coinbase, even though I have my account there. Until a few time ago they didn't even let transfers to european account.
As for being the biggest USD exchange, you're wrong, I think that even Bitstamp as larger volumes. Besides, you wont find more volume in any exchange than BTCChina

[gentlemand]

As for being the biggest USD exchange, you're wrong, I think that even Bitstamp as larger volumes. Besides, you wont find more volume in any exchange than BTCChina

It's right there on the chart. Bitstamp has often been usurped by bitfinex for dollar volume too.

[extrabyte]

For the USD market coinbase is one of the biggest but not the biggest, for other currencies Houbi seems to be the biggest.