Report: Coinbase Advanced transaction volume increased by 191%, user number increased by 77%
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2024-12-20 06:32 4,077
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Golden Finance reported that according to a report by Investing.com, cryptocurrency exchange Coinbase’s platform for professional traders, Coinbase Advanced, will see a surge in users and trading volume in 2024.
The December 19 report stated that the platform’s trading volume increased by 191%, mainly due to strong growth in derivatives trading, and the number of users increased by 77%. Aimed at experienced traders, Coinbase Advanced charges users a fixed monthly fee in exchange for discounted trading costs, a wider range of order types and analytical tools.
Coinbase revealed to Investing.com that derivatives products have experienced particularly rapid growth, with trading volume soaring by approximately 10,950% in 2024.