Amid growing interest in bitcoin, 100,000 new users registered on Coinbase per day
The announcement of the possible addition of bitcoin futures to the CME Group platform led to a rapid increase in interest in cryptocurrency, which affected not only its course, but also the number of users who wanted to try their hand at this young but promising market. One of the largest Bitcoin selling services Coinbase has registered 100,000 new users within 24 hours of the CME Group announcement.
Today, the exchange’s clients are 11.9 million people from 32 countries. In addition, Coinbase became the first “unicorn” in the field of cryptocurrencies, after raising over $ 100 million in August 2017. However, the company itself was valued at $ 1.6 billion Coinbase CEO Brian Armstrong is included in the 40 under 40 list of Fortune magazine.
The launch of futures on the CME Group platform will pave the way for the cryptocurrency market for large investment funds, which explains the sharp surge in interest in Bitcoin this week..
Entrepreneur Alistair Milne drew attention to the growing number of Coinbase users. It is also worth noting that the number of Coinbase users has doubled since the beginning of this year..
According to various estimates, to date, only 0.5% of the world’s population has invested in cryptocurrencies. If the popularity of bitcoin continues to grow at such a rapid pace, this will undoubtedly affect its course..
And if there are usually no questions about the reliability of Coinbase, then the platform’s pricing mechanism may cause some investors to doubt once again. Recall that as a result of an instant drop in the rate after placing a large sell order on the Coinbase subsidiary GDAX platform, Ethereum traded for only 10 cents per unit this summer for a short time. Obviously, with the increase in the number of users, not only bitcoin should scale, but also cryptocurrency exchanges..