Coinbase Now Offer “EXCLUSIVE” Trading Data

Coinbase Now Offer “EXCLUSIVE” Trading Data

Exchange platform Coinbase are further assisting users with day-to-day trading via new data which will be an addition to their existing typical data and provide exclusive market analysis.

These new data will be made of their own users anonymized and aggregated data on the Coinbase platform, which will be shared with fellow users of the platform. Giving users an insight into how crypto is being moved elsewhere on their platform and allowing them to base decisions on this.

This new service from Coinbase will be an industry first and only available to users on Coinbase. According to the platform, the option was built with the concept in mind to help users, gaining a “deeper understanding and comparison of cryptocurrencies and their communities so Coinbase customers can think beyond price when building their crypto portfolio.”

These new data will be comprised of three main trading signals. Which are as follows:

Top Holder Activity – this data will show the behaviours of the top 10% of traders on the platform who hold the largest share of a crypto asset, aka whales on the platform. It will show their activity, in terms of whether or not they have increased or decreased their holdings over the past 24 hours. With the stats updated every two hours, it always stays up to date. As they are the largest traders of that asset on the platform, it provides an insight into what the main players are doing at any given time, which would likely be representative of the market. As such, wise traders should opt to follow their lead.

 Typical hold time & Popularity on Coinbase – These are data made up of a wider range of customers and give a bigger general overview of trading activity. Hold time will dictate to you the average time that a user keeps hold of an asset before it is sold or moved elsewhere outside of the platform. While popularity is how many users hold a particular asset in question compared to all the other tradable options on the platform. These will be updated every 24 hours. As opposed to top holder activity, this gives you an insight into the market at large rather than just the top players.

Price Correlation- This will compare the prices of different cryptocurrency against one another over the course of 24 hours. High positive correlation indicates asset’s prices going in the same direction, while high negative correlation, indicates they have gone opposite ways. While low or no correlation, around 0%, means those assets have little or no relation. This provides you with historical data on your assets, which will benefit you in the future by helping you assess the risk exposure of these coins. By judging how your crypto has moved in relation to another crypto in the past, you will know if you see the other crypto in question move a certain way again there is a chance your crypto will do the same and you can react accordingly.

As you can see, useful data which can suit all Coinbase user’s needs. However, make sure you don’t rely too much on these as they are not investment advice and all transactions still require your own independent assessment.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,CoinMarketCap,Ethereum

Cryptocurrency Market Cap Jumps Past $2 Trillion

Cryptocurrencies continue to make headline news around the world as the total market cap surpassed $2 trillion on Monday. Supported by increased interest from institutional investors, celebrities, and retail investors, digital coins are now worth more than Apple Inc. Bitcoin has, once again, played a major role in the sector’s market cap. The world’s first […]

6 April, 2021
Digital Currency,Ethereum,Stablecoin

VISA Set To Support Cryptocurrency Settlements

The global payments corporation, VISA, announced on Monday that it is making preparations to allow USD Coin (USDC) to settle transactions within its network. This move is being viewed by industry analysts as yet another clear sign that cryptocurrencies are being accepted by major institutions within the traditional financial industry. USDC was selected by VISA […]

30 March, 2021
Casino,Ethereum,Gambling

CasinoFair Temporarily Shuts Down Amid Network Congestion

The popular cryptocurrency casino, CasinoFair, has announced in a recent blog post that it will be temporarily stopping its gaming services. Citing unsustainable congestion on the Ethereum network as the main reason for this pause, the casino reassured its players that it is “actively researching solutions and hope to be back with a new range […]

26 March, 2021
Bitcoin,Coinbase,CoinMarketCap

Significant Bitcoin Drops As Coinbase Announces IPO

The cryptocurrency market is back in turmoil following yet another volatile week where Bitcoin almost reached a record-breaking value of $60,000. Bitcoin drops are nothing new, but the recent 25% decrease has caused panic amongst even traders with an experience of major currency fluctuations. The latest drop comes as Coinbase, one of the world’s largest […]

1 March, 2021
Cybercrime,Scam,Trezor

Trezor Warns Users About Fake Mobile App

Trezor is warning users of a malicious mobile application featured on Google Play which appears to be associated with the wallet provider. At least 1,000 users have already downloaded this software, and it is likely that some have unwittingly provided their seed phrase to unlock their funds. Both Trezor and SatoshiLabs have confirmed the existence […]

26 January, 2021
Bitcoin,eToro,Trading

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021
Bitcoin,Investment,Trading

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021
Sponsored

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020