Daily Trading Volume Hits Record High in Coinbase International in March

With a significant increase in trading volume this month, only five of the first nine days of March have seen trading volume on Coinbase International fall below $1 billion.

The average daily volume for the month has been much greater compared to previous months, with the highest volume being $6.23 billion on Wednesday.

Coinbase International Exchange is currently limited to non-US customers in select regions, offering access to institutional clients for over 30 perpetual futures and spot markets.

A spokesperson for Coinbase stated that it is still early, but the market has shown a desire for a trustworthy international counterparty that operates in a compliant manner, and Coinbase International Exchange is well-positioned for continued growth.

This news coincides with a 10% increase in Coinbase’s share price in the last 24 hours, now trading above $280 per share according to TradingView data. Coinbase’s success has been in line with the overall cryptocurrency market, which has seen a 61% increase in market capitalization since the start of the year.