Coinbase volumes hit yearly highs after Thursday's market sell-off
March 14, 2020, 12:43PM EDT
1 min read
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.
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.