Coinbase Advanced Sees Surge in Spot Trading Volume After Trump's Election

Source
JH Kim

Summary

  • It was reported that Coinbase Advanced's trading volume increased by 191% this year.
  • After Donald Trump's election, spot trading volume surged by more than 47%.
  • It was also reported that the number of users increased by over 77%.

On the 19th (local time), cryptocurrency-focused media Cointelegraph reported, citing an Investing.com report, that the number of users and trading volume of Coinbase Advanced, a trading service for professional investors by Coinbase, surged this year following the growth trend in derivatives trading.

According to the data, Coinbase Advanced's trading volume this year increased by 191%, and the number of users grew by over 77%.

Notably, after Donald Trump's election as President of the United States last November, Coinbase Advanced's spot trading volume increased by more than 47%.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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