{"id":4374,"date":"2026-10-09T17:57:36","date_gmt":"2026-10-09T09:57:36","guid":{"rendered":"https:\/\/www.sjzylove.com\/?p=4374"},"modified":"2026-10-09T17:57:36","modified_gmt":"2026-10-09T09:57:36","slug":"%e5%93%aa%e4%ba%9b%e5%8a%a0%e5%af%86%e4%ba%a4%e6%98%93%e6%89%80%e5%8d%b3%e5%b0%86%e7%99%bb%e9%99%86%e7%be%8e%e8%82%a1%ef%bc%8c%e4%bb%96%e4%bb%ac%e7%9a%84%e4%bc%b0%e5%80%bc%e5%8f%88%e6%98%af%e5%a4%9a","status":"publish","type":"post","link":"https:\/\/www.zsmjt.com\/?p=4374","title":{"rendered":"\u54ea\u4e9b\u52a0\u5bc6\u4ea4\u6613\u6240\u5373\u5c06\u767b\u9646\u7f8e\u80a1\uff0c\u4ed6\u4eec\u7684\u4f30\u503c\u53c8\u662f\u591a\u5c11\uff1f"},"content":{"rendered":"<div>\n<h2>\u5173\u952e\u8981\u70b9\uff1a<\/h2>\n<ul>\n<li>\u5728\u6709\u5229\u7684\u76d1\u7ba1\u73af\u5883\u548c\u6295\u8d44\u8005\u5bf9\u516c\u5f00\u5e02\u573a\u52a0\u5bc6\u8d44\u4ea7\u655e\u53e3\u6709\u660e\u663e\u5174\u8da3\u4e0b\uff0cKraken\u3001Gemini \u548c Bullish \u6b63\u8ba1\u5212\u8fdb\u884c\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\u3002<\/li>\n<li>2021 \u5e74 Coinbase \u7684 IPO \u6811\u7acb\u4e86\u884c\u4e1a\u6807\u6746\u3002Coinbase \u4e0a\u5e02\u65f6\u7684\u4f30\u503c\u4e3a 650 \u4ebf\u7f8e\u5143\uff0c\u5f53\u65f6\u5176 96% \u7684\u6536\u5165\u6765\u81ea\u4ea4\u6613\u624b\u7eed\u8d39\uff0c\u800c\u5982\u4eca\u8ba2\u9605\u548c\u670d\u52a1\u6536\u5165\u5728 2025 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5df2\u5360 44%\u3002<\/li>\n<li>\u5728 IPO \u5019\u9009\u4ea4\u6613\u6240\u4e2d\uff0cCoinbase \u4ecd\u4ee5 49% \u7684\u73b0\u8d27\u4ea4\u6613\u91cf\u9886\u5148\u3002Bullish \u548c Kraken \u5404\u5360 22%\uff0c\u5e76\u8fc5\u901f\u6269\u5c55\u65b0\u670d\u52a1\u3002<\/li>\n<li>\u5e76\u975e\u6240\u6709\u62a5\u544a\u7684\u4ea4\u6613\u91cf\u90fd\u5177\u6709\u540c\u7b49\u4ef7\u503c\u3002\u5f80\u8fd4\u4ea4\u6613\u5206\u6790\u63ed\u793a\u4e86\u4e00\u4e9b\u5e73\u53f0\u4e0a\u7684\u865a\u589e\u6d3b\u52a8\uff0c\u5e76\u5f3a\u8c03\u4e86\u8bc4\u4f30\u4ea4\u6613\u6240\u8d28\u91cf\u548c\u900f\u660e\u5ea6\u7684\u5fc5\u8981\u6027\u3002<\/li>\n<\/ul>\n<h2>\u5f15\u8a00<\/h2>\n<p>\u5728\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u5386\u53f2\u4e2d\uff0c\u5927\u591a\u6570\u65f6\u5019\u7f8e\u56fd\u653f\u5e9c\u5bf9\u5176\u6001\u5ea6\u51b7\u6de1\uff0c\u751a\u81f3\u5145\u6ee1\u654c\u610f\u3002\u4f46\u4e0a\u5468\u60c5\u51b5\u53d1\u751f\u4e86\u79ef\u6781\u7684\u53d8\u5316\u3002<\/p>\n<p>\u603b\u7edf\u6570\u5b57\u8d44\u4ea7\u5de5\u4f5c\u7ec4\u53d1\u5e03\u4e86\u4e00\u4efd 166 \u9875\u7684\u62a5\u544a\uff0c\u6982\u8ff0\u4e86\u6570\u5b57\u8d44\u4ea7\u7684\u73b0\u72b6\uff0c\u5e76\u63d0\u51fa\u4e86\u5efa\u7acb\u5168\u9762\u5e02\u573a\u7ed3\u6784\u7684\u653f\u7b56\u5efa\u8bae\u3002\u4e0e\u6b64\u540c\u65f6\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u4e3b\u5e2d\u4fdd\u7f57\u00b7\u963f\u7279\u91d1\u65af\u5728\u4e00\u6b21\u516c\u5f00\u6f14\u8bb2\u4e2d\u5ba3\u5e03\u4e86\u300c\u52a0\u5bc6\u9879\u76ee\u300d\u8ba1\u5212\uff0c\u65e8\u5728\u901a\u8fc7\u5c06\u91d1\u878d\u5e02\u573a\u94fe\u4e0a\u5316\u3001\u7b80\u5316\u52a0\u5bc6\u8d27\u5e01\u4e1a\u52a1\u7684\u7e41\u7410\u8bb8\u53ef\u5236\u5ea6\uff0c\u4ee5\u53ca\u652f\u6301\u521b\u5efa\u63d0\u4f9b\u591a\u79cd\u670d\u52a1\u7684\u91d1\u878d\u300c\u8d85\u7ea7\u5e94\u7528\u300d\uff0c\u4f7f\u7f8e\u56fd\u6210\u4e3a\u300c\u5168\u7403\u52a0\u5bc6\u4e4b\u90fd\u300d\u3002<\/p>\n<p>\u8fd9\u4e00\u65b0\u76d1\u7ba1\u4f53\u7cfb\u7684\u4e3b\u8981\u53d7\u76ca\u8005\u662f\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u3002Kraken\u3001Bullish \u548c Gemini \u7b49\u51e0\u5bb6\u79c1\u8425\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u6b63\u5229\u7528\u8fd9\u4e00\u76f8\u5bf9\u6709\u5229\u7684\u73af\u5883\u5bfb\u6c42\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\u3002\u968f\u7740\u8fd9\u4e9b\u516c\u53f8\u5411\u516c\u4f17\u5f00\u653e\u6295\u8d44\uff0c\u6295\u8d44\u8005\u6709\u5fc5\u8981\u4e86\u89e3\u5176\u57fa\u672c\u9762\u9a71\u52a8\u56e0\u7d20\u3002\u672c\u6587\u6211\u4eec\u5c06\u6df1\u5165\u8bc4\u4f30\u8fd9\u4e9b\u4ea4\u6613\u6240\u7684\u5173\u952e\u6307\u6807\uff0c\u5e76\u6307\u51fa\u4f7f\u7528\u4ea4\u6613\u6240\u62a5\u544a\u6570\u636e\u65f6\u7684\u4e00\u4e9b\u6ce8\u610f\u4e8b\u9879\u3002<\/p>\n<h2>\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240 IPO \u70ed\u6f6e<\/h2>\n<p>\u81ea Coinbase \u4e8e 2021 \u5e74 4 \u6708\u8fdb\u884c IPO \u4ee5\u6765\uff0c\u8fc7\u53bb\u56db\u5e74\u4e2d\u52a0\u5bc6\u884c\u4e1a\u76f8\u5173\u7684 IPO \u5be5\u5be5\u65e0\u51e0\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u52a0\u5bc6\u8d27\u5e01\u516c\u53f8\u4e0e\u524d SEC \u4e4b\u95f4\u7684\u5bf9\u7acb\u5173\u7cfb\u3002\u56e0\u6b64\u79c1\u8425\u516c\u53f8\u65e0\u6cd5\u4ece\u516c\u5f00\u5e02\u573a\u83b7\u5f97\u6d41\u52a8\u6027\uff0c\u975e\u5408\u683c\u6295\u8d44\u8005\u4e5f\u65e0\u6cd5\u901a\u8fc7\u6295\u8d44\u8fd9\u4e9b\u516c\u53f8\u83b7\u5229\u3002\u968f\u7740\u7279\u6717\u666e\u653f\u5e9c\u627f\u8bfa\u63a8\u51fa\u66f4\u53cb\u597d\u7684\u76d1\u7ba1\u5236\u5ea6\uff0c\u4e00\u6279\u65b0\u7684\u79c1\u8425\u52a0\u5bc6\u8d27\u5e01\u516c\u53f8\u5ba3\u5e03\u4e86\u4e0a\u5e02\u8ba1\u5212\u3002<\/p>\n<p>\u8fd9\u4e00\u73af\u5883\uff0c\u52a0\u4e0a\u6295\u8d44\u8005\u5bf9\u516c\u5f00\u5e02\u573a\u52a0\u5bc6\u655e\u53e3\u7684\u91cd\u63d0\u5174\u8da3\uff0c\u50ac\u751f\u4e86\u4e00\u4e9b\u6700\u5177\u7206\u70b8\u6027\u7684 IPO\uff0c\u4f8b\u5982 Circle \u6700\u8fd1\u7684\u516c\u5f00 IPO\u3002Gemini\u3001Bullish \u548c Kraken \u8ba1\u5212\u5728\u7f8e\u56fd\u4e0a\u5e02\uff0c\u5e0c\u671b\u6293\u4f4f\u8fd9\u4e00\u673a\u4f1a\uff0c\u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a\u6570\u5b57\u8d44\u4ea7\u7684\u5168\u6808\u670d\u52a1\u63d0\u4f9b\u5546\u3002<\/p>\n<h2>Coinbase \u7684 2021 \u5e74 IPO<\/h2>\n<p>2021 \u5e74 Coinbase \u7684 IPO \u4e3a\u8bc4\u4f30\u6f5c\u5728\u4ea4\u6613\u6240 IPO \u7684\u6295\u8d44\u524d\u666f\u63d0\u4f9b\u4e86\u6709\u7528\u7684\u57fa\u51c6\u3002\u8be5\u516c\u53f8\u4e8e 2021 \u5e74 4 \u6708 14 \u65e5\u901a\u8fc7\u7eb3\u65af\u8fbe\u514b\u7684\u76f4\u63a5\u4e0a\u5e02\u65b9\u5f0f\u516c\u5f00\u4e0a\u5e02\uff0c\u53c2\u8003\u80a1\u4ef7\u4e3a\u6bcf\u80a1 250 \u7f8e\u5143\uff0c\u5b8c\u5168\u7a00\u91ca\u540e\u7684\u4f30\u503c\u4e3a 650 \u4ebf\u7f8e\u5143\uff0c\u5f00\u76d8\u4ef7\u4e3a 381 \u7f8e\u5143\u3002Coinbase \u7684\u4e0a\u5e02\u6b63\u503c 2021 \u5e74\u725b\u5e02\u7684\u9ad8\u5cf0\uff0c\u5f53\u65f6\u6bd4\u7279\u5e01\u4ef7\u683c\u63a5\u8fd1 6.4 \u4e07\u7f8e\u5143\uff0c\u4ea4\u6613\u6240\u4ea4\u6613\u91cf\u8d85\u8fc7 100 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u6839\u636e\u5176 S-1 \u6587\u4ef6\uff0cCoinbase \u5f53\u65f6\u7684\u5546\u4e1a\u6a21\u5f0f\u975e\u5e38\u7b80\u5355\uff0c\u5927\u90e8\u5206\u6536\u5165\u6765\u81ea\u4ea4\u6613\u624b\u7eed\u8d39\uff1a<\/p>\n<p>\u300c\u81ea\u6210\u7acb\u81f3 2020 \u5e74 12 \u6708 31 \u65e5\uff0c\u6211\u4eec\u521b\u9020\u4e86\u8d85\u8fc7 34 \u4ebf\u7f8e\u5143\u7684\u603b\u6536\u5165\uff0c\u4e3b\u8981\u6765\u81ea\u96f6\u552e\u7528\u6237\u548c\u673a\u6784\u5728\u6211\u4eec\u5e73\u53f0\u4e0a\u57fa\u4e8e\u4ea4\u6613\u91cf\u7684\u624b\u7eed\u8d39\u3002\u622a\u81f3 2020 \u5e74 12 \u6708 31 \u65e5\uff0c\u4ea4\u6613\u6536\u5165\u5360\u6211\u4eec\u51c0\u6536\u5165\u7684 96% \u4ee5\u4e0a\u3002\u6211\u4eec\u5229\u7528\u4ea4\u6613\u4e1a\u52a1\u7684\u4f18\u52bf\u6269\u5c55\u548c\u62d3\u5bbd\u5e73\u53f0\uff0c\u901a\u8fc7\u6295\u8d44\u98de\u8f6e\u63a8\u51fa\u65b0\u4ea7\u54c1\u548c\u670d\u52a1\uff0c\u5e76\u6269\u5927\u751f\u6001\u7cfb\u7edf\u3002\u300d<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" alt=\" Gemini\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/06\/1754489812522022.jpg\"><\/p>\n<p class=\"ql-align-center\">\u6765\u6e90\uff1aCoin Metrics \u5e02\u573a\u6570\u636e\u4e13\u4e1a\u7248\u548c\u8c37\u6b4c\u8d22\u7ecf<\/p>\n<p>\u5982\u4eca\uff0cCoinbase \u66f4\u50cf\u662f\u4e00\u4e2a\u300c\u5168\u6808\u4ea4\u6613\u6240\u300d\u3002\u5c3d\u7ba1\u4ea4\u6613\u4ecd\u662f\u5176\u6838\u5fc3\u4e1a\u52a1\uff0c\u4f46\u5176\u5546\u4e1a\u6a21\u5f0f\u5df2\u663e\u8457\u6269\u5c55\u5230\u52a0\u5bc6\u8d27\u5e01\u670d\u52a1\u7684\u5168\u6808\u9886\u57df\u3002\u8fd9\u4e00\u53d8\u5316\u5f00\u59cb\u4f53\u73b0\u5728 COIN \u4ef7\u683c\u4e0e\u4ea4\u6613\u91cf\u4e4b\u95f4\u7684\u5173\u7cfb\u4e0a\uff0c\u65e9\u671f\u4e24\u8005\u7d27\u5bc6\u76f8\u5173\uff0c\u4f46\u968f\u7740\u300c\u8ba2\u9605\u4e0e\u670d\u52a1\u6536\u5165\u300d\uff08\u5305\u62ec\u7a33\u5b9a\u5e01\u6536\u5165\uff08USDC \u5229\u606f\u6536\u5165\uff09\u3001\u533a\u5757\u94fe\u5956\u52b1\uff08\u8d28\u62bc\uff09\u3001\u6258\u7ba1\u6536\u5165\u7b49\uff09\u7684\u91cd\u8981\u6027\u63d0\u5347\uff0c\u8fd9\u79cd\u76f8\u5173\u6027\u5df2\u51cf\u5f31\uff1a<\/p>\n<p>Coinbase 2021 \u5e74\u7b2c\u4e00\u5b63\u5ea6\uff1a<\/p>\n<ul>\n<li>\u6536\u5165 16 \u4ebf\u7f8e\u5143<\/li>\n<li>\u4ea4\u6613\u6536\u5165 15.5 \u4ebf\u7f8e\u5143\uff0896%\uff09<\/li>\n<li>\u8ba2\u9605\u4e0e\u670d\u52a1\u6536\u5165 5600 \u4e07\u7f8e\u5143\uff084%\uff09<\/li>\n<\/ul>\n<p>Coinbase 2025 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\uff1a<\/p>\n<ul>\n<li>\u6536\u5165 15 \u4ebf\u7f8e\u5143<\/li>\n<li>\u4ea4\u6613\u6536\u5165 7.64 \u4ebf\u7f8e\u5143\uff0851%\uff09<\/li>\n<li>\u8ba2\u9605\u4e0e\u670d\u52a1\u6536\u5165 6.56 \u4ebf\u7f8e\u5143\uff0844%\uff09<\/li>\n<li>\u4f01\u4e1a\u5229\u606f\u6536\u5165 7700 \u4e07\u7f8e\u5143\uff085%\uff09<\/li>\n<\/ul>\n<h2>\u5373\u5c06 IPO \u4ea4\u6613\u6240\u7684\u6bd4\u8f83\u5206\u6790<\/h2>\n<p>\u57fa\u4e8e\u8fd9\u4e00\u6846\u67b6\uff0c\u6211\u4eec\u5217\u51fa\u4e86\u5373\u5c06\u8fdb\u884c IPO \u7684\u4ea4\u6613\u6240\u7684\u4f30\u503c\u3001\u4ea4\u6613\u91cf\u548c\u4e1a\u52a1\u9886\u57df\u7684\u4f30\u8ba1\u6570\u636e\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" alt=\" Gemini\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/06\/1754489813003035.jpg\"><\/p>\n<p class=\"ql-align-center\">\u6765\u6e90\uff1aCoin Metrics \u5e02\u573a\u6570\u636e\u4e13\u4e1a\u7248\u53ca\u4e0a\u5e02\u516c\u53f8\u6587\u4ef6\uff08\u622a\u81f3 2025 \u5e74 8 \u6708 1 \u65e5\u7684\u6570\u636e\uff09<\/p>\n<p>\u5c3d\u7ba1\u8fd9\u4e9b\u4ea4\u6613\u6240\u63d0\u4f9b\u7684\u670d\u52a1\u8d8b\u4e8e\u4e00\u81f4\uff0c\u4f46\u5b83\u4eec\u5728\u5e02\u573a\u5f71\u54cd\u529b\u548c\u4ea4\u6613\u6d3b\u52a8\u89c4\u6a21\u4e0a\u5b58\u5728\u663e\u8457\u5dee\u5f02\u3002<\/p>\n<p>Kraken \u6210\u7acb\u4e8e 2013 \u5e74\uff0c\u5df2\u8fbe\u5230\u66f4\u6210\u719f\u7684\u9636\u6bb5\u3002\u8be5\u516c\u53f8\u8d22\u52a1\u589e\u957f\u5f3a\u52b2\uff0c2024 \u5e74\u6536\u5165\u4e3a 15 \u4ebf\u7f8e\u5143\uff08\u8f83 2023 \u5e74\u589e\u957f 128%\uff09\uff0c2025 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6536\u5165\u4e3a 4.12 \u4ebf\u7f8e\u5143\u3002Kraken \u8fd8\u901a\u8fc7\u6536\u8d2d NinjaTrader\u3001\u83b7\u5f97\u6b27\u6d32 MiCA \u8bb8\u53ef\uff0c\u5e76\u5728\u4ee3\u5e01\u5316\u80a1\u7968\u3001\u652f\u4ed8\u548c\u94fe\u4e0a\u57fa\u7840\u8bbe\u65bd\uff08Ink\uff09\u7b49\u9886\u57df\u8fdb\u884c\u6218\u7565\u6269\u5f20\u3002\u76ee\u6807\u4f30\u503c\u7ea6\u4e3a 150 \u4ebf\u7f8e\u5143\uff0c2024 \u5e74\u6536\u5165\u4e3a 15 \u4ebf\u7f8e\u5143\uff0c\u5176\u6536\u5165\u500d\u6570\u4e3a 10 \u500d\uff0c\u7565\u4f4e\u4e8e Coinbase \u7684 12.7 \u500d\u3002<\/p>\n<p>\u76f8\u6bd4\u4e4b\u4e0b\uff0cGemini \u7684\u89c4\u6a21\u8f83\u5c0f\u3002\u5176\u8fc7\u53bb\u4e00\u5e74\u7684\u5e73\u5747\u4ea4\u6613\u91cf\u4e3a 1.64 \u4ebf\u7f8e\u5143\uff0c\u662f\u8fd9\u4e9b\u4ea4\u6613\u6240\u4e2d\u6700\u4f4e\u7684\u3002Gemini \u7684\u6700\u65b0\u4f30\u503c\u53ef\u8ffd\u6eaf\u81f3 2021 \u5e74 A \u8f6e\u878d\u8d44\u7684 71 \u4ebf\u7f8e\u5143\uff0c\u79c1\u52df\u5e02\u573a\u5bf9\u5176\u4f30\u503c\u4e3a 80 \u4ebf\u7f8e\u5143\u3002\u9664\u73b0\u8d27\u548c\u884d\u751f\u54c1\u4e1a\u52a1\u5916\uff0cGemini \u8fd8\u63d0\u4f9b\u8d28\u62bc\u548c\u4fe1\u7528\u5361\u4ea7\u54c1\uff0c\u4e3a\u7528\u6237\u5b58\u6b3e\u63d0\u4f9b\u6536\u76ca\uff0c\u540c\u65f6\u4e5f\u662f Gemini Dollar\uff08GUSD\uff09\u7684\u53d1\u884c\u65b9\uff0c\u4f46\u5176\u6d41\u901a\u4f9b\u5e94\u91cf\u5df2\u964d\u81f3 5400 \u4e07\u7f8e\u5143\u3002<\/p>\n<p>Bullish \u5728\u4ea4\u6613\u6d3b\u52a8\u4e2d\u540d\u5217\u524d\u8305\uff0c\u8fc7\u53bb\u4e00\u5e74\u7684\u5e73\u5747\u4ea4\u6613\u91cf\u4e3a 19.5 \u4ebf\u7f8e\u5143\u3002Bullish Exchange \u662f\u5176\u4ea4\u6613\u548c\u6d41\u52a8\u6027\u57fa\u7840\u8bbe\u65bd\u7684\u6838\u5fc3\uff0c\u8be5\u4ea4\u6613\u6240\u4e13\u6ce8\u4e8e\u673a\u6784\u5ba2\u6237\uff0c\u5e76\u5728\u5fb7\u56fd\u3001\u9999\u6e2f\u548c\u76f4\u5e03\u7f57\u9640\u53d7\u5230\u76d1\u7ba1\uff0c\u540c\u65f6\u79ef\u6781\u5bfb\u6c42\u7f8e\u56fd\u8bb8\u53ef\u3002\u6b64\u5916\uff0cBullish \u8fd8\u901a\u8fc7\u6536\u8d2d CoinDesk \u6269\u5c55\u81f3\u4fe1\u606f\u670d\u52a1\u9886\u57df\u3002\u6839\u636e F-1 \u6587\u4ef6\uff0c\u8be5\u516c\u53f8 2024 \u5e74\u51c0\u5229\u6da6\u4e3a 8000 \u4e07\u7f8e\u5143\uff0c\u51c0\u4e8f\u635f\u4e3a 3.49 \u4ebf\u7f8e\u5143\u3002\u57fa\u4e8e 2022 \u5e74\u53d6\u6d88\u7684 SPAC \u4ea4\u6613\uff0c\u5176\u521d\u59cb\u4f30\u503c\u63a5\u8fd1 90 \u4ebf\u7f8e\u5143\uff0c\u76ee\u524d\u636e\u62a5\u9053\u5bfb\u6c42 42 \u4ebf\u7f8e\u5143\u7684\u4f30\u503c\u3002<\/p>\n<h2>\u4ea4\u6613\u6240\u4ea4\u6613\u91cf\u8d8b\u52bf<\/h2>\n<p class=\"ql-align-center\"><img decoding=\"async\" alt=\" Gemini\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/06\/1754489812458884.jpg\"><\/p>\n<p class=\"ql-align-center\">\u6765\u6e90\uff1aCoin Metrics \u5e02\u573a\u6570\u636e\u4e13\u4e1a\u7248<\/p>\n<p>\u603b\u4f53\u800c\u8a00\uff0cCoinbase \u548c\u5176\u4ed6\u5373\u5c06\u8fdb\u884c IPO \u7684\u4ea4\u6613\u6240\u4ec5\u5360\u4e2d\u5fc3\u5316\u4ea4\u6613\u6240\u62a5\u544a\u73b0\u8d27\u4ea4\u6613\u91cf\u7684\u7ea6 11.6%\u3002\u4ec5\u5e01\u5b89\u5c31\u5360 39%\uff0c\u800c\u5176\u4ed6\u79bb\u5cb8\u4ea4\u6613\u6240\u4e5f\u5360\u636e\u8f83\u5927\u4efd\u989d\u3002\u5728\u5173\u6ce8\u7684\u4ea4\u6613\u6240\u4e2d\uff0cCoinbase \u5360\u73b0\u8d27\u4ea4\u6613\u91cf\u7684 49%\uff0cBullish \u548c Kraken \u5404\u5360 22%\u3002\u81ea 2022 \u5e74\u63a8\u51fa\u4ee5\u6765\uff0cBullish \u7684\u4efd\u989d\u7a33\u6b65\u589e\u957f\uff0c\u800c\u968f\u7740\u7ade\u4e89\u52a0\u5267\uff0cKraken \u7684\u5e02\u573a\u4efd\u989d\u6709\u6240\u7f29\u5c0f\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" alt=\" Gemini\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/06\/1754489813240724.jpg\"><\/p>\n<h2>\u8ba2\u5355\u7c3f\u4e0a\u7684\u4ea4\u6613\uff1a\u5206\u6790\u4ea4\u6613\u6240\u7684\u7ecf\u6d4e\u6d3b\u52a8<\/h2>\n<p>\u5982\u4e0a\u6240\u8ff0\uff0c\u4ea4\u6613\u91cf\u662f\u4f30\u7b97\u4f30\u503c\u6700\u5177\u9884\u6d4b\u6027\u7684\u6307\u6807\u4e4b\u4e00\u3002\u4f46\u62a5\u544a\u7684\u4ea4\u6613\u91cf\u53ef\u80fd\u56e0\u4ea4\u6613\u6240\u800c\u5f02\uff0c\u6210\u4e3a\u4e00\u4e2a\u5177\u6709\u8bef\u5bfc\u6027\u7684\u6570\u636e\u70b9\u3002<\/p>\n<p>\u5c3d\u7ba1\u5927\u591a\u6570\u4e3b\u8981\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5df2\u6253\u51fb\u6d17\u552e\u4ea4\u6613\uff0c\u4f46\u4ecd\u5b58\u5728\u4e00\u4e9b\u4e0d\u89c4\u8303\u884c\u4e3a\u3002\u6211\u4eec\u7684\u53ef\u4fe1\u4ea4\u6613\u6240\u6846\u67b6\u65b9\u6cd5\u8be6\u7ec6\u4ecb\u7ecd\u4e86\u5982\u4f55\u68c0\u6d4b\u5f02\u5e38\u4ea4\u6613\u6d3b\u52a8\uff0c\u5e76\u5bf9\u76d1\u7ba1\u5408\u89c4\u6027\u7b49\u5b9a\u6027\u56e0\u7d20\u8fdb\u884c\u4e86\u8bc4\u4f30\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" alt=\" Gemini\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/06\/1754489812457744.jpg\"><\/p>\n<p class=\"ql-align-center\">\u6765\u6e90\uff1a\u53ef\u4fe1\u4ea4\u6613\u6240\u6846\u67b6<\/p>\n<p>\u6211\u4eec\u5f00\u53d1\u7684\u4e00\u79cd\u66f4\u5f3a\u5927\u7684\u68c0\u6d4b\u4e70\u5356\u4ea4\u6613\u7684\u4fe1\u53f7\u662f\u8ba1\u7b97\u91cd\u590d\u4ea4\u6613\u9891\u7387\u3002\u6211\u4eec\u7684\u6d4b\u8bd5\u65b9\u6cd5\u5982\u4e0b\uff1a<\/p>\n<ul>\n<li>\u6211\u4eec\u4ece 2025 \u5e74 1 \u6708\u81f3 6 \u6708\u968f\u673a\u62bd\u53d6 144 \u4e2a 5 \u5206\u949f\u65f6\u6bb5\uff0c\u5171\u4ea7\u751f\u8fd1 2000 \u4e07\u7b14\u4ea4\u6613\u3002<\/li>\n<li>\u5bf9\u4e8e\u6bcf\u4e2a\u4ea4\u6613\u6240\u548c\u65f6\u6bb5\uff0c\u9009\u62e9\u4e00\u7b14\u4ea4\u6613\u3002<\/li>\n<li>\u5982\u679c\u5728 10 \u7b14\u4ea4\u6613\u6216 5 \u79d2\u5185\u6709\u53e6\u4e00\u7b14\u4ea4\u6613\uff0c\u4e14\u65b9\u5411\u76f8\u53cd\u3001\u91d1\u989d\u548c\u4ef7\u683c\u51e0\u4e4e\u76f8\u540c\uff08&lt;1%\uff09\uff0c\u5219\u5c06\u8fd9\u4e24\u7b14\u4ea4\u6613\u6807\u8bb0\u4e3a\u91cd\u590d\u4ea4\u6613\u3002<\/li>\n<li>\u5bf9\u6bcf\u7b14\u4ea4\u6613\u91cd\u590d\u6b64\u64cd\u4f5c\u3002\u5982\u679c\u4ea4\u6613\u5df2\u88ab\u6807\u8bb0\u4e3a\u91cd\u590d\u4ea4\u6613\uff0c\u5219\u8df3\u8fc7\u3002<\/li>\n<li>\u8ba1\u7b97\u6807\u8bb0\u4e3a\u91cd\u590d\u4ea4\u6613\u7684\u4ea4\u6613\u91cf\uff0c\u5e76\u9664\u4ee5\u603b\u91cf\u3002<\/li>\n<\/ul>\n<p>\u5728\u4e0b\u56fe\u4e2d\uff0c\u6211\u4eec\u7ed8\u5236\u4e86\u5c11\u6570\u4ea4\u6613\u6240\u5728\u4e00\u4e2a\u65f6\u6bb5\u5185\u7684\u4ea4\u6613\u6837\u672c\uff0c\u5e76\u6807\u8bb0\u4e86\u7591\u4f3c\u5f80\u8fd4\u4ea4\u6613\u3002\u6bcf\u4e2a\u7070\u70b9\u4ee3\u8868\u6b63\u5e38\u4ea4\u6613\uff0c\u7eff\u8272\u548c\u7ea2\u8272\u6807\u8bb0\u4ee3\u8868\u5f80\u8fd4\u4ea4\u6613\u3002<\/p>\n<p class=\"ql-align-center\"><img decoding=\"async\" alt=\" Gemini\" src=\"https:\/\/hx24-prod.mars-block.com\/image\/crawler\/2025\/08\/06\/1754489812458623.jpg\"><\/p>\n<p class=\"ql-align-center\">\u6765\u6e90\uff1a\u53ef\u4fe1\u4ea4\u6613\u6240\u6846\u67b6<\/p>\n<p>\u7531\u4e8e\u8be5\u65b9\u6cd5\u7684\u8fd1\u4f3c\u6027\uff0c\u6211\u4eec\u9884\u8ba1\u4f1a\u51fa\u73b0\u4e00\u4e9b\u8bef\u62a5\uff0c\u5373\u7531\u6b63\u5e38\u5e02\u573a\u6d3b\u52a8\uff08\u4f8b\u5982\u505a\u5e02\u5546\u901a\u8fc7\u5728\u8ba2\u5355\u7c3f\u4e24\u4fa7\u63d0\u4f9b\u6d41\u52a8\u6027\u6765\u4fc3\u8fdb\u4ea4\u6613\uff09\u5bfc\u81f4\u7684\u91cd\u590d\u4ea4\u6613\u3002\u7136\u800c\u4e0e Crypto.com \u548c Poloniex \u7b49\u884c\u4e1a\u57fa\u7ebf\u76f8\u6bd4\uff0c\u91cd\u590d\u4ea4\u6613\u6bd4\u4f8b\u8f83\u9ad8\uff0c\u5f15\u53d1\u4e86\u5bf9\u5176\u62a5\u544a\u4ea4\u6613\u91cf\u6570\u636e\u53ef\u9760\u6027\u7684\u62c5\u5fe7\u3002<\/p>\n<p>\u4e3e\u4f8b\u6765\u8bf4\uff1a\u5728 2025 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u81f3\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u6211\u4eec\u4f30\u8ba1 Crypto.com \u7684 BTC-USD\uff082010 \u4ebf\u7f8e\u5143\uff09\u3001BTC-USDT\uff081920 \u4ebf\u7f8e\u5143\uff09\u3001ETH-USD\uff081650 \u4ebf\u7f8e\u5143\uff09\u548c ETH-USDT\uff081600 \u4ebf\u7f8e\u5143\uff09\u7684\u4ea4\u6613\u91cf\u7ea6\u4e3a 7200 \u4ebf\u7f8e\u5143\u3002\u6839\u636e\u4e0a\u8ff0\u4f30\u8ba1\u6bd4\u4f8b\uff0c\u8fd9\u4e9b\u4ea4\u6613\u5bf9\u4e2d\u7ea6\u6709 1600 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