Coinbase Advanced Saw Rapid Surge in Users and Derivatives Trading In 2024
Coinbase Advanced, a cryptocurrency exchange platform for professional traders, saw a surge in users and trading volume in 2024. The platform’s trading volume increased by 191%, driven by strong growth in derivatives trading and 77% user growth. Notably, Coinbase Advanced offers experienced traders a fixed monthly fee in exchange for lower trading costs, more order options, and analytical tools. Coinbase said derivatives products are growing particularly rapidly, with trading volume soaring about 10,950% in 2024. The exchange launched a derivatives platform in the United States in 2022, offering cryptocurrency futures, including Nano Bitcoin and Nano Ether contracts, to millions of users.
