Coinbase, the largest US cryptocurrency company, announced the release of a free set of tools designed to help beginners understand the basic principles and secrets of trading on exchanges.
One of these tools, for example, translates transactions concluded by the largest traders of the platform.
“Signals that transmit the activity of top traders represent a certain percentage of Coinbase customers with large balances that have increased (bought) or decreased (sold) their positions in the last 24 hours. The data is updated automatically about every two hours, ” – says the company's blog.
In a conversation with CoinDesk, a representative of a Californian company clarified that this data includes the activity of only individual users and does not reflect transactions concluded by large organizations.
In making informed decisions, novice traders will also be helped by a tool that makes it possible to see the median number of days during which traders hold an asset on the exchange before selling it or moving it to another address.
Another tool displays the popularity of assets at Coinbase, as well as relative price correlations relative to other cryptoactive assets.
Earlier it was reported that Coinbase is developing a new, more productive infrastructure for matching trade applications, which will allow the company fully prepared to approach the new “super-power rally” of Bitcoin.
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