Messari, the crypto data aggregator, has reported that the number of crypto assets stored in custody on Coinbase surged in the last quarter of 2020. It has been reported that Messari has revealed that as much as 11% of the entire crypto market capitalization was held with Coinbase custody at the end of 2020. Coinbase offers custody services for over 90 crypto assets, around half of which are tradable on Coinbase’s exchange. However, the value of assets custodied with Coinbase
Messari, the crypto market analytics firm, has indicated that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire crypto capitalization. The entirety of what we call DeFi is worth less than both XRP and Bitcoin Cash alone.
Despite its rerating over the past couple months, DeFi is still extremely small in perspective.
— Ryan Watkins (@RyanWatkins_)
July 28, 2020 It has been reported that
Messari, a crypto data and research platform, has added 10 new exchanges to its “real volume” metric as part of a revamp of the methodology. It has been reported that the ranking is an attempt to rank exchanges without including any wash trading, which came about after the landmark Bitwise report that suggested 95% of the volume was fake. However, the report identified ten exchanges with legitimate volume: Binance Bitfinex BitFlyer Bitstamp Bittrex Coinbase Pro Gemini itBit K