Cryptocurrency exchange platform Coinbase announced last week it is now offering exclusive trading data available to any Coinbase customers for free. According to Coinbase, trading signals are up-to-date, trusted, exclusive data only available on the platform and are meant to help customers independently create and manage their own crypto strategy.
“Our goal is to provide accurate, objective measurements of cryptocurrency usage based on the aggregated and anonymized activity of millions of Coinbase customers. These insights are only available to customers signed in to Coinbase — and they are the first of their kind in crypto.”
Coinbase also reported that the new signals, which are in addition to the typical market data it has already provide, will power a deeper understanding and comparison of cryptocurrencies and their communities so Coinbase customers can think beyond price when building their crypto portfolio. The platform added:
“When considering these trading signals and other market data provided by Coinbase, please keep in mind that they are not and should not be considered investment advice, which Coinbase does not provide. Always make your own independent assessment of whether any particular investment or investment strategy is right for you, your risk tolerance, and financial means, before entering into a transaction. When in doubt, consult with a financial professional.We think trading signals, backed by verified transactional data, are an important step to raising the level of trust in the cryptoeconomy. Coinbase customers can now use these signals to suit their needs.”