火星财经消息, Coinbase 国际站发布 2025 年第一季度业务数据，其中披露：1、一季度新增了 36 种永续合约，目前上线资产超过 150 种，其中包括 EURC-USDC 永续合约，该合约提供 24/7 欧元价格敞口和高达 20 倍杠杆；2、一季度名义交易量达到近 8000 亿美元，创下季度历史新高，与 2024 年的总交易量持平；3、BTC、ETH 和山寨币的平均订单簿深度增加了近 3 倍。Coinbase 国际站表示，后续将进一步提高资本效率、增强机构连接和托管、不断增长的资产覆盖率和流动性。

<div>火星财经消息, Coinbase 国际站发布 2025 年第一季度业务数据，其中披露：1、一季度新增了 36 种永续合约，目前上线资产超过 150 种，其中包括 EURC-USDC 永续合约，该合约提供 24/7 欧元价格敞口和高达 20 倍杠杆；2、一季度名义交易量达到近 8000 亿美元，创下季度历史新高，与 2024 年的总交易量持平；3、BTC、ETH 和山寨币的平均订单簿深度增加了近 3 倍。Coinbase 国际站表示，后续将进一步提高资本效率、增强机构连接和托管、不断增长的资产覆盖率和流动性。</div>

Coinbase国际站：Q1新增36种永续合约，名义交易量近8000亿美元

Mars Finance news: Coinbase International released its first-quarter 2025 business data, disclosing: 1) Added 36 new perpetual contracts in the first quarter, with over 150 assets currently online, including the EURC-USDC perpetual contract, which provides 24/7 euro price exposure and up to 20x leverage; 2) Nominal trading volume reached nearly $80 billion in the first quarter, setting a quarterly historical high, equal to the total trading volume of 2024; 3) Average order book depth for BTC, ETH, and Altcoins increased by nearly 3 times. Coinbase International stated that it will continue to improve capital efficiency, enhance institutional connections and custody, and continuously grow asset coverage and liquidity.

<div>Mars Finance News: Coinbase International released its first-quarter 2025 business data, disclosing: 1. Added 36 new perpetual contracts in the first quarter, with over 150 assets currently online, including the EURC-USDC perpetual contract, which provides 24/7 euro price exposure and up to 20x leverage; 2. Nominal trading volume reached nearly $80 billion in the first quarter, setting a quarterly historical high, equal to the total trading volume of 2024; 3. Average order book depth for BTC, ETH, and Altcoins increased by nearly 3 times. Coinbase International stated that it will continue to improve capital efficiency, enhance institutional connections and custody, and continuously grow asset coverage and liquidity.</div>

Coinbase International: 36 new perpetual contracts added in Q1, with a nominal trading volume of nearly $800 billion

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

If you persevere and find your strengths, you will be rewarded.
Article author: 0xJeff
Article source: TechFlow TechFlow
2025 was filled with unprecedented turmoil and change. We welcomed a US president who was reportedly a supporter of cryptocurrencies and artificial intelligence. However, instead of the expected bull market, 2025 became a year of "massacre" for the entire industry.
Most Altcoin experienced a crash of 80%-99% in 2025.
Bitcoin's market capitalization share has returned to 2019-2020 levels (over 6...).