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Coinbase Advanced, the cryptocurrency exchange’s platform for professional traders, saw a surge in users and trading volumes in 2024, Coinbase told Cointelegraph.&nbsp;
The platform clocked a 191% increase in trading volumes — driven by especially strong growth in derivatives trading — and a 77% increase in users, Coinbase said. 
The figures were first <a data-ct-non-breakable="null" href="https://www.investing.com/news/stock-market-news/exclusive-coinbase-advanced-sees-surge-in-trades-derivative-volume-in-2024-3782024" rel="nofollow noopener" target="_blank" text="null" title="https://www.investing.com/news/stock-market-news/exclusive-coinbase-advanced-sees-surge-in-trades-derivative-volume-in-2024-3782024">reported</a> by Investing.com. 
Targeting experienced traders, Coinbase Advanced charges users a flat monthly fee in exchange for discounted trading costs, a wider range of order types and analytics tools.&nbsp;
<figure>
 <img alt="Coinbase Advanced trading activity surges in 2024" src="https://s3.cointelegraph.com/uploads/2024-12/0193dfe1-53e8-79a3-a1cb-b6e3407966a9" title="">
 <figcaption style="text-align: center;">
 Coinbase Advanced products. Source: Coinbase
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-stock-breaks-300-first-time-since-2021" rel="" target="_self" text="null" title="https://cointelegraph.com/news/coinbase-stock-breaks-300-first-time-since-2021">Coinbase stock breaks $300 for first time since 2021</a>
<h3 id="strong-surging-derivatives-volumes-strong">Surging derivatives volumes</h3>
Derivatives products experienced especially rapid growth, with volumes soaring roughly 10,950% in 2024, Coinbase said.&nbsp;
In 2022, Coinbase launched its derivatives platform in the United States, bringing cryptocurrency futures — including retail-friendly nano Bitcoin and nano Ether contracts — to the exchange’s tens of millions of US users.
Coinbase lists more than half a dozen futures contracts, including contracts tied to memecoins — such as Dogecoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/doge-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/doge-price-index">DOGE</a>) and Shiba Inu (<a data-ct-non-breakable="null" href="https://cointelegraph.com/shiba-inu-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/shiba-inu-price-index">SHIB</a>) — and commodities such as oil and gold.&nbsp;
The overall market for cryptocurrency derivatives has soared in 2024. According to a report by CCData, crypto derivatives’ monthly trading volume has more than doubled year-over-year, exceeding $3 trillion in September.
Futures contracts are agreements to buy or sell an underlying asset at a future date. They play a critical role in hedging and are popular for speculation because they allow traders to double down on directional bets with leverage.&nbsp;
<figure>
 <img alt="Coinbase Advanced trading activity surges in 2024" src="https://s3.cointelegraph.com/uploads/2024-12/0193dfe6-bb1f-7e8b-913f-1bc4bc08b6a3" title="">
 <figcaption style="text-align: center;">
 Coinbase Global stock price. Source: Google Finance
 </figcaption>
</figure>
<h3 id="strong-new-token-listings-strong">New token listings</h3>
Meanwhile, spot crypto trading activity on Coinbase Advanced reportedly grew by 47%, propelled by bullish sentiment after President-elect Donald Trump’s US election win and new token listings.&nbsp;
Under Trump, Coinbase expects “to do more with […] some of those tokens that we weren’t able to offer [previously],” Tom Duff Gordon, Coinbase’s vice president of international policy, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/binance-us-lists-pepe-crypto-exchanges-vie-memecoin-market" rel="null" target="null" text="null" title="null">told Bloomberg in November</a>.
“We’re talking more about some of the smaller tokens, some of the memecoin tokens,” Gordon said.
In December, Coinbase listed memecoins Moodeng (MOODENG), Mog (<a data-ct-non-breakable="null" href="/mog-coin-price-index" rel="null" target="null" text="null" title="null">MOG</a>) and Dogwifhat (<a data-ct-non-breakable="null" href="/dogwifhat-price-index" rel="null" target="null" text="null" title="null">WIF</a>), among others.&nbsp;
Shares of cryptocurrency exchange Coinbase surged in November, pushing the stock <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-stock-breaks-300-first-time-since-2021" rel="" target="_self" text="null" title="https://cointelegraph.com/news/coinbase-stock-breaks-300-first-time-since-2021">past $300 for the first time since 2021</a>.&nbsp;
The stock has since retraced modestly to around $280 as of Dec. 18, according to data from Google Finance.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-is-poised-to-catch-up-with-bitcoin-and-solana-in-2025/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/ethereum-is-poised-to-catch-up-with-bitcoin-and-solana-in-2025/">Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana?</a>

Coinbase Advanced trading activity surges in 2024

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