Too Long; Didn't Read
Coinbase is the largest cryptocurrency exchange in the USA and is second only to Binance in terms of trading volume. When a coin is listed on the exchange and announced on media, this sharply moves its rate upward. This phenomenon got the name “the Coinbase effect,” and it was noticed that it takes place simultaneously with increasing on-chain activity. But, does it always work so with Coinbase, or is this only a short-term trend? Let’s try to figure it out today.