Coinbase Advanced Saw Rapid Surge in Users and Derivatives Trading In 2024
The post Coinbase Advanced Saw Rapid Surge in Users and Derivatives Trading In 2024 appeared first on Coinpedia Fintech News
Coinbase Advanced, the cryptocurrency exchanges platform for professional traders, saw a surge in users and trading volumes in 2024. The platform clocked a 191% increase in trading volumes driven by strong growth in derivatives trading and a 77% increase in users. Notably, Coinbase Advanced offers experienced traders a flat monthly fee in exchange for lower trading costs, more order options, and analytics tools. Coinbase shared that Derivatives products experienced especially rapid growth, with volumes soaring roughly 10,950% in 2024. The exchange launched its derivatives platform in the U.S. in 2022, offering cryptocurrency futures, including nano Bitcoin and nano Ether contracts, to millions of users.
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