Coinbase Advanced, the cryptocurrency exchange platform for professional traders, saw an increase in users and trading volumes in 2024. The platform recorded a 191% increase in trading volumes, driven by strong growth in derivatives trading and a 77% increase in users. Coinbase Advanced in particular offers experienced traders a fixed monthly fee in exchange for lower trading fees, more order options and analysis tools. Coinbase shared that derivatives products experienced particularly rapid growth, with volumes increasing by approximately 10,950% through 2024. The exchange launched its derivatives platform in the US in 2022, offering millions of users cryptocurrency futures, including nano Bitcoin and nano Ether contracts.
Credit : coinpedia.org
