Coinbase volumes hit yearly highs after Thursday's market sell-off
UPDATED: March 14, 2020, 1:09PM EDT
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Coinbase registered yearly record-breaking volumes on Thursday and Friday amid a market sell-off in crypto. On Thursday, the volume on the San Francisco-based exchange surpassed $1.1B, a 280% increase from the prior day. Yesterday’s volume surpassed $1.5B, a record high for the year of 2020 for the exchange.
Source: CryptoCompare
Coinbase recently rolled out bitcoin batching on its platform. The feature allows batching multiple transactions into one, and therefore, helps reduce the load on the Bitcoin network.
