The U.S. cryptocurrency exchange Coinbase announced the provision of three types of trading signals for users.

The U.S. cryptocurrency exchange and wallet service provider Coinbase announced a new product in an official article on July 17. They will be releasing aggregated data in the form of three trading signals to customers, aiming to offer better investment options.

According to the official article, this new feature allows investors to create smarter trading strategies, providing three trading signals:

1. Typical hold time
2. Popularity
3. Price correlation

For example, the typical hold time signal helps you track the median hold time for a given asset before making a new trade, while popularity tracks how many users hold a given cryptocurrency within the same category. These indicators allow investors to better understand user behavior in an aggregated and anonymized manner.

According to Coinbase's announcement, these new trading signals are leading the way in the crypto industry. It also notes that these indicators will be combined with previously provided traditional market data to offer customers better service.

As previously reported by Cointelegraph, Coinbase released a report on crypto adoption and awareness trends in the United States on 6/28. Coinbase utilized survey data that collected responses from 2,000 participants this year. Among those surveyed, 58% of Americans said they had heard of Bitcoin.

Further Reading

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