Coinbase’s DeFi Lending Soars, Trade Market Share Slides

Coinbase’s on-chain borrowing volume has surged past $600 million, demonstrating a significant growth in decentralized finance adoption. However, this surge is occurring as Coinbase’s global trading market share declines despite increased trading volumes. This divergence highlights the company’s evolving strategy towards DeFi and its growing challenge with maintaining a dominant position in traditional exchange markets.