Coinbase Advanced: record growth of users and trading volumes in 2024

Coinbase Advanced, the platform of Coinbase dedicated to professional trading, recorded extraordinary growth in 2024.

According to what was reported by Coinbase itself, trading volumes increased by 191%, driven mainly by the boom in derivatives operations, while users grew by 77% compared to the previous year. The data, initially published by Investing.com, confirm the central role of Coinbase Advanced in the cryptocurrency market.

Why Coinbase Advanced is a reference platform for trading

Coinbase Advanced is aimed at an audience of expert traders, offering advanced features and exclusive benefits that set it apart from the standard version of the platform. Among the main characteristics:

• Fixed monthly cost: Gli utenti pagano un abbonamento mensile per accedere a costi di trading ridotti, rendendo la piattaforma particolarmente competitiva per chi effettua molte operazioni.
• Types of advanced orders: A wider range of options to manage trading strategies efficiently.
• Analytical tools: Detailed analyses and real-time market data, essential for making informed decisions.

These services have made Coinbase Advanced a benchmark for industry professionals, consolidating its position among the best cryptocurrency trading platforms.

Growth driven by derivatives trading

One of the key factors that contributed to the impressive growth of Coinbase Advanced in 2024 was the strong increase in derivatives operations. This segment, which includes futures and options on cryptocurrencies, gained popularity among professional traders thanks to the possibility of:

• Manage risks: hedge positions against market volatility.
• Increase profits: use leverage to amplify gains (but also risks).
• Diversify strategies: integrate derivatives with traditional trading to create more flexible portfolios.

The growth of derivatives trading on Coinbase Advanced reflects a general trend in the sector, with an increase in interest for more sophisticated financial instruments.

The 77% increase in the number of users highlights the appeal of Coinbase Advanced for experienced traders. This increase is not only the result of offering advanced features, but also a series of initiatives aimed at improving the user experience, including:

• Targeted promotions: Offers to encourage subscription to the platform.
• Financial education: Guides and resources to help users make the most of the available features.
• Technological innovation: An intuitive interface and cutting-edge tools for trading.

These elements have contributed to strengthening users’ confidence in the platform and positioning it as the preferred choice for professional trading.

Coinbase Advanced: the future of professional trading?

With the record results achieved in 2024, Coinbase Advanced confirms itself as one of the main players in the bull sector of cryptocurrencies.

The focus on derivatives trading and advanced instruments suggests that the platform will continue to aim for innovation to meet the needs of professional traders.

Furthermore, the subscription model with reduced trading costs represents an interesting alternative for those who trade frequently, making Coinbase Advanced a convenient and scalable solution.

The 191% growth in trading volumes and the 77% increase in users of Coinbase Advanced in 2024 highlights the importance of advanced platforms for professional trading. 

With a focus on derivatives, analytical tools, and competitive costs, Coinbase Advanced positions itself as a leader in the sector, offering an optimal experience for more experienced traders.

With the continuous expansion of cryptocurrencies and the evolution of financial markets, Coinbase Advanced represents a model for the future of professional trading, with tools and features designed to tackle the challenges of a rapidly growing sector.