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Coinbase researchers have revealed in the exchange\u2019s H1 2021 in Review report released on July 26, that the first half of 2021 was one of the most active periods for the global crypto markets, with ether (ETH)\u00a0 taking the shine out of bitcoin (BTC) in terms of trading volume growth.<\/strong><\/p>\n As of March 2020, when the price of bitcoin (BTC) revisited the $3k region, even the most die-hard crypto enthusiasts would not have believed that the flagship crypto would make a strong comeback and even climb to as high as $65k within a short while.<\/span><\/p>\n However, the influx of institutional investors such as <\/span>MicroStrategy<\/span> into the crypto markets from late 2020, turned out to be a much-needed catalyst for the industry and that momentum continued into the early parts of 2021.<\/span><\/p>\n \u201cThe first half of 2021 was one of the most active periods on record for crypto, ushering in new all-time highs in asset prices, user adoption, and trading activity,\u201d declared Coinbase in its H1 2021 In Review <\/span>report<\/span>.\u00a0<\/span><\/p>\n Per the researchers, cryptocurrency trading data collected across 20 exchanges around the world showed that the total bitcoin trading volume in the first six months of 2021 increased by 489 percent to hit $2.1 trillion from just $356 billion in the first half of 2020.<\/span><\/p>\n Interestingly, despite the fact that Ethereum\u2019s total trading volume of $1.4 trillion could not surpass that of BTC, the native crypto of the world\u2019s number one smart contracts network, however, saw a faster growth pace than bitcoin, as its volume stood at just $92 billion in the first half of 2020 ( a 1,461 percent increase).<\/span><\/p>\n<\/span>Another Great Year for Crypto\u00a0\u00a0<\/strong><\/span><\/h2>\n
<\/span>Ether (ETH) Showed Strong Signs<\/strong><\/span><\/h2>\n