PANews reported on April 18 that according to The Block, Coinbase International's perpetual futures platform has continued to grow in the derivatives market, processing nearly $100 billion in Bitcoin perpetual futures trading volume over the past week. This surge has made Bitcoin perpetual futures the largest market segment for the exchange, with trading volumes in all other markets significantly lower.
The recent surge in trading activity coincides with market volatility caused by tariff uncertainty, which initially caused the S&P 500 index to plummet 20% before quickly rebounding. During this period of heightened volatility, Bitcoin demonstrated relative resilience, reinforcing the narrative of Bitcoin as "digital gold" and a potential safe-haven asset during economic uncertainty. The performance of traditional gold during the same period seems to validate this view, with gold prices soaring to a historic high above $3,200, indicating a broader move towards assets perceived to have store of value functions.
