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

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JH Kim
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  • 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%.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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%.

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