Today, Coinbase experienced a significant surge in spot demand, with Time-Weighted Average Price (TWAP) orders between $10,000 and $1 million totaling approximately $704 million. TWAP orders allow traders to make large purchases incrementally over time, helping to minimize market impact while effectively managing the execution of sizable buys. This spike in volume reflects the growing interest from institutional players, who are increasingly utilizing Coinbase’s advanced trading tools to navigate the spot markets discreetly.
Coinbase sees huge spot demand with $704M in TWAP orders
