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.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018