Coinbase Advanced, the cryptocurrency exchange’s platform for professional traders, saw a surge in users and trading volumes in 2024, Coinbase told Cointelegraph.
The platform clocked a 191% increase in trading volumes — driven by especially strong growth in derivatives trading — and a 77% increase in users, Coinbase said.
The figures were first reported by Investing.com.
Targeting experienced traders, Coinbase Advanced charges users a flat monthly fee in exchange for discounted trading costs, a wider range of order types and analytics tools.
Surging derivatives volumes
Derivatives products experienced especially rapid growth, with volumes soaring roughly 10,950% in 2024, Coinbase said.
In 2022, Coinbase launched its derivatives platform in the United States, bringing cryptocurrency futures — including retail-friendly nano Bitcoin and nano Ether contracts — to the exchange’s tens of millions of US users.
Coinbase lists…
