BlackRock's IBIT daily volume hits $18B, more than double Coinbase's

BlackRock's IBIT has recorded a daily trading volume of $16-18 billion, Unfolded reported, citing data from Kaiko. This volume is comparable to that of Binance's spot trading and more than double the daily volume of Coinbase, which stands at $6-8 billion. The media outlet noted that the data shows regulated products have established themselves as a competitive alternative to cryptocurrency exchanges.