Coinbase, the leading US-based digital currency exchange, has launched a trading signals service backed by verified transactional data in order to help customers who independently create and manage their own crypto strategy.
Providing objective measurements of cryptocurrency usage based on the aggregated and anonymized activity of millions of Coinbase customers is the goal of the service, which is the first of its kind in crypto, according to the operator.
Trading signals are an addition to the typical market data Coinbase already provides and go beyond price, like the example illustrates:
What it is: The top holder activity signal is the percentage of Coinbase customers with large balances of an asset (top 10%) who have not increased (bought) or decreased (sold) their positions in that asset through trading over the last 24 hours. This is updated approximately every 2 hours.