The Demand For Ether In Transactions With Cryptocurrencies Grew Almost Three Times Faster Than The Same Indicator For Bitcoin In The First Half Of This Year. Such Data Is Provided In Its Report By The Coinbase Exchange, Which Connects The Observed Dynamics With The Desire Of Large Investors To Diversify.
Ether Trading Volume For The Period From The Beginning Of January To The End Of June Amounted To $ 1.4 Trillion, Which Corresponds To An Increase Of 1,461% From $ 92 Billion In The Second Half Of 2020. Bitcoin Trading Volumes During The Same Time Increased By 489% To $ 2.1 Trillion.
Ether Also Surpassed Bitcoin, The S&p 500 And Gold In Return On Investment, Up 210% In The Six Months To June 30. Other Instruments Rose 20%, 14% And 6.7%, Respectively.
“Many Of Our Largest Institutional Clients, Including Hedge Funds, Trust Funds And Corporations, Have Increased Or Primarily Added Eth Holdings, Suggesting That The Asset Has Comparable Longevity To Bitcoin, But Helps Differentiate Their Portfolios,” Writes Coinbase.
As The Main Reasons For Interest In Ether, Exchange Analysts Also Cite The Development Of The Decentralized Finance Sector On The Ethereum Blockchain, Optimism About The Upcoming Transition To The Proof-of-stake Consensus Mechanism, Which Will Make Eth A Profitable Asset, And A Decrease In The Supply Of Cryptocurrency Due To The Activation Of The Eip-1559 Update. Which Will Allow You To Burn Part Of The Eth Paid As Commissions.
