{"id":408182,"date":"2023-06-16T15:29:32","date_gmt":"2023-06-16T15:29:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=408182"},"modified":"2023-06-16T15:29:32","modified_gmt":"2023-06-16T15:29:32","slug":"robinhood-trading-app-takes-on-coinbases-market-dominance-as-regulatory-pressure-intensifies","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/robinhood-trading-app-takes-on-coinbases-market-dominance-as-regulatory-pressure-intensifies","title":{"rendered":"Robinhood Trading App Takes On Coinbase\u2019s Market Dominance As Regulatory Pressure Intensifies"},"content":{"rendered":"
The crypto market is known to be psychological. With the US Securities Exchange Commission (SEC) on Coinbase\u2019s neck over the past few months, the exchange has been losing its share in retail crypto trading reportedly to Robinhood.<\/p>\n
Coinbase accounted for 65% of retail cryptocurrency trading volume during the last three quarters on the two exchanges, while Robinhood accounted for the remaining 35%.<\/p>\n
However, Coinbase has been losing its market shares over the past month suffering a total of a 5.4% drop.\u00a0 The process was further accelerated after the SEC claimed last week that the crypto exchange has been operating as an unregistered securities exchange. In contrast, over the same time period, Robinhood has seen a 14% increase in shares.<\/p>\n