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Coinbase volumes hit yearly highs after Thursday's market sell-off
UPDATED: March 14, 2020, 1:09PM EDT
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="https://www.shutterstock.com/image-vector/data-sheet-on-tablet-pc-sales-766007377" target="_blank">Shutterstock</a></span></span></span>
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. Yesterdayâs 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.
Jesse Pollak reveals plans for Base as exchange competition heats up
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