Coinbase Now Offer “EXCLUSIVE” Trading Data

Coinbase Now Offer “EXCLUSIVE” Trading Data

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

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.

Recently Similar News

Latest Guides

Latest News

Binance,Bitcoin,Cryptocurrency,Exchange Platforms

You Can Now Spend BNB and BUSD With All Shopify Merchants

Shopify, the all-in-one online commerce website, now allows all of its merchants to accept Binance’s tokens BNB and BUSD via Alchemy Pay. Alchemy Pay, a worldwide cryptocurrency payment solution provider has worked with Binance and Shopify to integrate BNB and BUSD for payments to all Shopify merchants. Shopify is the worlds largest e-commerce platform with […]

23 October, 2020

Users Can Now Claim and Stake FLOW Token on Kraken

Kraken, the online cryptocurrency exchange, has implemented the ability for their users to claim and stake their FLOW tokens on the Kraken platform. Kraken, one of the largest online cryptocurrency trading platforms, has implemented the option for users to claim their FLOW tokens, as well as stake them on the Kraken platform. To claim your FLOW, […]

23 October, 2020

Bao Casino Offers a Variety of Halloween Specials

Bao Casino, the online cryptocurrency based casino, has created a variety of giveaways and programs to celebrate Holloween. Bao Casino, the online cryptocurrency gambling site and casino, is hosting a variety of Halloween themed giveaways and events to celebrate the fast approaching holiday. One of the giveaways is the Trick or Treat from Spinomenal event, […]

23 October, 2020

Bitcoin Price Continues to Rise as PayPal Integrates Cryptocurrencies

PayPal, one of the largest payment processing companies in the world, has recently decided to integrate Bitcoin. PayPal, the online payment processing company co-founded by Elon Musk, has decided to allow their users to buy and sell cryptocurrencies. PayPal will be launching their own cryptocurrency application and service. After many years of seemingly rejecting the […]

23 October, 2020

Cryptimi Announces Launch of German Language Platform

Here at Cryptimi, we are launching our newest news site in another language, in German. At Cryptimi, we work towards providing our users with the most up to date news and the highest qualify guides and exchanges. Due to the continued growth of our platform, we are happy to announce our newest Cryptimi offering, the […]

21 October, 2020

Changelly Helps Users Discover Where They Can Store Polkadot (DOT) Tokens

The Changelly blog has written an article helping their users determine the best places for them to store their DOT tokens. Changelly, the online cryptocurrency exchange, has created a new blog post to help users figure out where the best place to store their Polkadot (DOT) tokens. Polkadot (DOT) was created  by one of Ethereum’s […]

19 October, 2020

BitPanda Announced the Launch of Their Own Cryptocurrency Index

BitPanda, the online cryptocurrency exchange, is launching what they call the first “real” cryptocurrency index. BitPanda, the large online cryptocurrency exchange platform, is launching what they say is the first “real” crypto index, which will be available on the BitPanda platform. BitPanda’s cryptocurrency index is very easy for its users to use and is completely […]

19 October, 2020

Binance Announced Two New Launchpad Project Partnerships This Week

Binance, the largest online cryptocurrency trading platform, is adding two new projects to the Binance Launchpad for user funding. Binance, the world’s biggest cryptocurrency exchange, is launching their first joint token offering from Binance Launchpad and Binance Launchpool, and is also releasing an additional Launchpool token. In their weekly report, Binance highlights other key factors […]

19 October, 2020