The total number of retail and institutional customers of Coinbase exceeded 35 million. The largest U.S. cryptocurrency company cited this data in its first half institutional review.
At the beginning of 2020, the figure was 30 million clients. Coinbase noted that this year was an important one in terms of institutional investors’ interest in buying cryptocurrencies:
“We saw significant growth in our institutional business in the first half of the year and continued to add leading university foundations, traditional hedge funds, venture capital firms, and large family offices to our client list.”
The company intends to expand its business proposals for institutions. For example, Coinbase plans to offer its clients the opportunity to trade through several liquidity pools by purchasing a Tagomi crypto broker.
Let us recall, according to the media, Coinbase began preparations for the placement of shares in the stock market.
Technical analysis of Bitcoin (BTC):
Over the past weekend, the price of bitcoin rose to the resistance level of $10,340. Now, it is $10,250. In the future, we predict a technical downward correction. The nearest resistance levels are $10,340, $10,500, $11,000, $12,230. The nearest support levels are $10,250, $10,000, $9,850, $9,600, $9,500, $9,400, $9,300, $9,200, $9,000, $8,600, $8,150, $7,900, $7,600, $7,500.
Technical analysis of Ethereum (ETH):
Over the past weekend, the price of ethereum rose to the resistance level of $330. Now, it is $324. In the future, we predict a downward technical correction. The nearest resistance levels are $330, $350, $380, $430. The nearest support levels are $300, $290, $277, $270, $260, $257, $250, $245, $240, $238, $235, $229.
Technical analysis of Ripple (XRP):
Over the past weekend, the price of ripple rose to the resistance level of $0.2250. Now, it is $0.2220. In the future, we predict the continuation of the uptrend. The nearest resistance levels are $0.2250, $0.23, $0.2350. The nearest support levels $0.22, $0.2150, $0.21, $0.2060, $0.2020, $0.20, $0.1950, $0.19, $0.1820, $0.18, $0.1750, $0.17.
