Crypto Adoption: Coinbase Hit 30 Million Users
Crypto adoption has been intensifying a lot this year, and more people are becoming interested in the digital assets and the underlying technology.
The leading US crypto exchange Coinbase just said that people have been signing up to use it with increasing interest.
User numbers available on Coinbase’s website
Alistair Milne, chief investment officer of the Altana Digital Currency Fund, has been reportedly tracking the numbers of users over the months, and now these are publicly available on Coinbase’s website.
The stats are showing that the exchange is now flaunting 30 million users, and it was able to adjust 5 million users in the last ten months alone.
The exchange made sure to expand its offerings, and it also expanded the support for institutional investors as well.
Coinbase plans to move beyond trading
During a recent AMA, CEO Brian Armstrong has said that the exchange is only getting started and it intends to move beyond trading in an effort to build the crypto and blockchain ecosystem at large.
During the AMA he said that five years from now, he is pushing to have one billion people accessing an open financial system via its company’s products.
— Alistair Milne (@alistairmilne) July 22, 2019
Coinbase shut down crypto bundles
In other news, it’s just been reported that Coinbase shut down its crypto bundles without issuing any warning.
Coinbase Bundles launched back in October 2018, and it allowed traders to buy a market-weighted selection of Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic according to the Daily Hodl.
They continue and tell users that “You will still be able to view the Coinbase Bundle purchase under Tools > History. The purchase will no longer be available to view in Accounts.”
The exchange says that this is more of a cosmetic change.
Brian Armstrong is the co-founder and CEO of Coinbase, one of the largest crypto exchanges in the world (its reported Coinbase holds 966,230 Bitcoin ($7B) in Cold Wallet). Prior to his involvement with the blockchain and Coinbase, Armstrong worked at Deloitte and Touche as an Enterprise Risk Management Consultant.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.