The post Coinbase Advanced Saw Rapid Surge in Users and Derivatives Trading In 2024 appeared first on Coinpedia Fintech News
Coinbase Advanced, the cryptocurrency exchange’s 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.