INSUBCONTINENT EXCLUSIVE:
Coinbase is taking advantage of its significant user base to give you more information about trading behavior and price correlation
Given that there are now 15 cryptocurrencies on Coinbase that you can trade, the new features should provide some signals.In addition to
price and variation information, you can see what Coinbase customers with large balances are currently doing
You get a buy/sell percentage for each asset.Behind the scene, Coinbase looks at users with a Coinbase balance in the top 10%
The exchange then counts how many users in that pool have increased or decreased their positions over the last 24 hours
This time, the company relies on the entire Coinbase user base to tell you how long people keep a specific asset before selling it or
sending it to another address.Unfortunately, when you transfer your assets to a hardware wallet or a more secure wallet, Coinbase considers
find out if prices of multiple assets are correlated
For instance, if Crypto X and Crypto Y have a correlation of 0%, it means that they go up and down in parallel
A negative correlation means that two assets move in opposite directions
This feature could help you build a more balanced portfolio of cryptocurrencies.
