Coinbase Overhauls Transaction Capacity with Deribit Matching Engine Upgrade

Coinbase has expanded its transaction capacity by launching a new Deribit matching engine that can process over 100,000 transactions per second.

This upgrade aims to provide faster execution and deeper liquidity for traders and investors on the platform.

The new engine is designed to handle bursts in market activity and give liquidity providers a better chance to execute trades.

Despite this improvement, base transaction activity has remained at monthly lows, with daily active addresses dropping to an all-time low of 3.6K.