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Anytime a company’s customer base grows at a double-digit pace, it must be doing something right. That could be said for Coinbase cryptocurrency exchange. The company’s total registered users stands at 30 million. Even more impressive, according to Cointelegraph, is eight million new registered users over the past 12 months
Anytime a company’s customer base grows at a double-digit pace, it must be doing something right. That could be said for Coinbase cryptocurrency exchange. The company’s total registered users stands at 30 million. Even more impressive, is eight million new registered users over the past 12 months
All the hype surrounding Bitcoin (BTC) and its dramatic increase in market value is a huge contributing factor. However, that is not the only reason Coinbase continues to expand. Ultimately, this is now one of the biggest cryptocurrency exchanges in the market. Launched in 2012, it reached the 30 million plateau earlier this summer. The eight million new users figure was released by Bitcoin investor Alistair Milne in a July 22 tweet.
— Alistair Milne (@alistairmilne) July 22, 2019
The rate of new signups has slowed since BTC values retreated over the past week or so. The fastest growth spurt was over the second half of 2017 when bitcoin market values approached $20,000. A brutal bear market dogged the crypto industry in 2018. Yet, Coinbase still expanded its base through the entire slide down to values below $4000.
According to the Coinbase website, the exchange has exceeded the $30 million mark and over $150 billion has been traded in cryptocurrency. The site stopped releasing exact figures back in November of 2017. Everything from that point in time is simply an estimate such as total users and traded amounts.
Software analysis from the firm DataLight stated that the US is the most active crypto-trading country in the world. It estimated that monthly visits to crypto exchanges exceeds 22 million. Coinbase has grown to become one of the biggest and most popular exchanges on a global scale over the past seven years.
The company vision over the next five years implies a greater diversity of services. It will still be a major player in the crypto trading service industry. The diversity would be the company’s role in the global adoption of crypto as a viable means of commerce. The CEO of Coinbase is Brian Armstrong. He remains bullish of the industry’s ability to fill that role in the coming years.
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