Coinbase International reported a significant increase in trading volume, reaching over $119 billion last week, a 124% rise from the previous week.
Record Highs for Trading Volume
In December, the daily trading volume on the platform averaged $10 billion, significantly surpassing November's figures, where the daily average was $2.5 billion.
Top Trading Pairs
The top five trading pairs, which include BTC, ETH, SOL, XRP, and DOGE perpetual futures, accounted for 99.8% of the total weekly trading volume. BTC-PERP constituted 57% of the volume, followed by ETH-PERP at 34%.
Institutional Client Focus
Coinbase International expanded its presence in Europe, complying with EU regulations, and entered the Australian market, doubling its maximum leverage from 10x to 20x, and launched spot markets in late 2023.
Coinbase International continues to strengthen its international presence by focusing on institutional clients and expanding its geographical reach.
