Coinbase International saw a total trading volume of over $119 billion this past week, averaging nearly $20 billion per day. Remarkably, the weekly total is 124% higher than the previous week’s total, while this past week’s daily average is 164% higher than the previous week’s daily average. The rise of Coinbase International comes after several key expansion strategies the platform has conducted in recent months, including expansion into the European market, where Coinbase proactively aligned with the EU’s MiCA regulations, expansion into the Australian market, doubling the platform’s maximum leverage from 10x to 20x and launching spot markets in late 2023.
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Nidhi Kolhapur