Cryptocurrency News

Coinbase makes exclusive stats available to all customers

Coinbase, one of the top cryptocurrency exchanges, has been expanding their business scope in the past year. In April 2019, they announced Visa debit cards for UK users called “Coinbase Card”. The latter was later expanded into another 6 European countries before finally launching a captive insurance company in a partnership with Aon.

Their app also received a few updates, the first one was live price tracking and they have now released exclusive trading data to all of their customers. The data is divided into three different “signals”. First, they’ve released “Top holder activity”, which will show whether Coinbase customers with the largest balances are buying or selling a certain asset. The second stat available is the “Typical hold time” which allows users to see how long each crypto-asset is held on average by their customers. Last but not least, “Popularity on Coinbase” will show people which are the most bought assets and rank them accordingly.

The cryptocurrency market is rather transparent as the majority of the data is available to the public, and that includes all network activity. The convenience of accessing this information, however, is not of the highest level. Fortunately, exchanges are making this information readily available for investors and traders. Consequently, this makes this zero-sum game slightly fairer.

Image licensed via Shutterstock

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