Coinbase Derivatives Hits $5 Billion Daily Trading Record

The derivatives arm of Coinbase recorded its highest single-day notional volume ever on January 30, reaching $5 billion in trades.

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Terms & Concepts
  • Notional Volume: The total value of a derivatives contract's underlying asset, used to measure market activity without reflecting leverage or margin.
  • Derivatives: Financial contracts whose value is derived from an underlying asset, such as futures or options.
  • Coinbase Derivatives: A division of Coinbase focused on trading crypto-based derivatives products for institutional and retail clients.