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12/08/25 19:54 UTC-04

Gautam Chhugani: Only One Exchange Will Benefit from the Ethereum Rally

According to the analyst, the second-largest cryptocurrency by market capitalization has outperformed the first in terms of growth rate. Over the past month, Ether has risen by 17%, while Bitcoin gained less than 1%.

“We believe the altcoin season has already begun, which is evident from Ether’s leading growth, and Coinbase (NASDAQ:COIN) will reap the greatest benefit,” said Bernstein’s managing director.
Coinbase supports several hundred tokens and processes over 9 million transactions daily, Chhugani noted. Gas fees paid in Ether bring the platform more than $75 million annually.
In addition, ETH staking accounts for up to 10% of the platform’s profits, and the asset’s price growth has increased this share. Trading volume on Coinbase has risen by 40% and may grow further in the coming weeks, the expert believes.

The senior Bernstein analyst also noted that other companies connected to the Ethereum ecosystem have potential. An increase in trading volume is also likely on the Robinhood (NASDAQ:HOOD) platform, which has announced the launch of its Layer 2 solution, Robinhood Chain.

Earlier, Fundstrat co-founder Tom Lee stated that the second-largest cryptocurrency by market capitalization is attracting increasing interest from the largest U.S. financial companies.

See also: "Litecoin Cryptocurrency Rises 10% Amid Bullish Rally"

#Bitcoin (BTC) #Ethereum (ETH) #Bullish trend

Editor: Godfrid Brower
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