Coinbase International Records $119 Billion in Trading Volume Last Week

Source
JH Kim

Summary

  • Coinbase International's trading volume last week increased by 124% to $119 billion.
  • The average daily trading volume surged by 164% to $20 billion.
  • Perpetual futures trading volume accounts for 99.98% of the total, involving Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE).

According to The Block, a cryptocurrency-focused media outlet, Coinbase International, a derivatives trading platform under Coinbase, recorded a trading volume of $119 billion last week, marking a 124% increase from the previous week. The average daily trading volume was reported to be $20 billion, a 164% increase from the previous week. Coinbase International is an exchange used by institutions outside the United States rather than individual investors, with perpetual futures trading volumes of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Dogecoin (DOGE) accounting for 99.98% of the total trading volume.

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JH Kim

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