Coinbase Signed Up 50,000 Users per Day in 2017

Cryptocurrency exchange Coinbase CEO Brian Armstrong said in an August 14 interview with Bloomberg that it was signing up 50,000 users per day in 2017.

Speaking at the Bloomberg Players Technology Summit in San Francisco on Tuesday, Armstrong said that the “technology [Bitcoin] is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau.” He added that “people’s expectations are all over the map, but real-world adoption has been going up,” stating that he sees “real world adoption pretty steadily increasing each year.”

When asked about his expectations for Initial Coin Offerings (ICOs), Armstrong said that ICOs are “an important innovation in the world” as they provide an opportunity for people around the world to raise funds for new ventures without relying on personal networks of angel investors.  “It’s a huge breakthrough,” he said.

While there are legal questions to consider, Armstrong said that he expects the ICO trend to continue, saying that “ICOs are breaking all the previous crowdfunding records.”

Armstrong said that Coinbase helped customers to trade $150 billion worth of digital currencies in 2017. He estimated that about 10 percent of cryptocurrencies are used in real life, in games and other online purchases.

Earlier this week, Coinbase announced the reduction of its Index Fund’s annual management fee “for all new and existing investors” from 2 to 1 percent in order to “attract investors who are familiar with lower-fee index funds in other asset classes.” That day, the exchange also announced that the Index Fund was rebalanced to incorporate Ethereum Classic (ETC), following the altcoin’s official listing on Coinbase last week.

Last week Coinbase successfully renewed its money transmitter license in the state of Wyoming. The license had been suspended as of mid-2014 due to stipulations in state law that required all exchanges to “double reserve” the digital assets of state residents with fiat currency.



Author: Cointelegraph By Ana Alexandre

Source link

Related posts

39 Thoughts to “Coinbase Signed Up 50,000 Users per Day in 2017”

  1. Jina Mcleish

    Black on black in the Charger I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  2. Jessie Laskowski

    Don’t wear seat belts lest you drown in you own urine?

  3. EGG카지노

    Black on black in the Charg I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  4. Ying Brocklehurst

    With thanks! Valuable information!

  5. Merlin Dentler

    Don’t wear seat belts lest you drown in your own urine?

  6. Gwyneth Bourland

    Don’t wear seat belts lest you drown in your own urine?

  7. Sheldon Nippe

    Black on black in the Charger I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  8. Trenton Delibertis

    With thanks! Valuable information!

  9. Issac Dunklin

    Don’t wear seat belts lest you drown in you own urine? https://bzp65.com/

  10. Derrick Barrilleaux

    Black on black in the Charg I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  11. Maryalice Disque

    With thanks! Valuable information!

  12. Angelyn Quenneville

    I got what you mean,saved to fav, very decent site. https://bzp65.com/

  13. Augustine Abrantes

    Black on black in the Charg I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  14. Preston Croman

    Don’t wear seat belts lest you drown in your own urine?

  15. Elijah Mayorga

    Black on black in the Charg I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  16. Tiffani Claridge

    With thanks! Valuable information!

  17. Russel Teece

    sound like you know what you?re talking about! Thanks https://bzp65.com/

  18. Tim Sowards

    With thanks! Valuable information!

  19. Luis Trepanier

    Black on black in the Charger I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  20. Blake Jenkens

    Don’t wear seat belts lest you drown in you own urine?

  21. Dimple Mignot

    I have been checking out many of your stories and i can state pretty https://bzp65.com/

  22. Lindsey Pizzaro

    Don’t wear seat belts lest you drown in your own urine?

  23. Delila Northum

    With thanks! Valuable information!

  24. Rocco Wilshusen

    Don’t wear seat belts lest you drown in you own urine? https://bzp65.com/

  25. Cinderella Mukai

    Don’t wear seat belts lest you drown in your own urine?

  26. Mariana Oberlin

    With thanks! Valuable information!

  27. Elvis Gerig

    With thanks! Valuable information! https://bzp65.com/

  28. Mickey Shoyer

    Black on black in the Charger I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  29. Rosalva Prindall

    Black on black in the Charger I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  30. Gregorio Lapete

    I got what you mean,saved to fav, very decent site. https://bzp65.com/

  31. Julianne Schnabel

    Don’t wear seat belts lest you drown in your own urine?

  32. Cindie Mandap

    With thanks! Valuable information!

  33. Hassan Cervoni

    Some genuinely good info , Sword lily I found this.

  34. Tyler Bouldin

    With thanks! Valuable information!

  35. Tyson Welder

    here! Good luck for the next! https://bzp65.com/

  36. Etsuko Calles

    Black on black in the Charg I’m creepin’ Rub me the right way, you might get a genie B.o.B, black Houdini

  37. Gracia Lalone

    With thanks! Valuable information!

  38. Tomasa Langenheim

    With thanks! Valuable information!

  39. Pat Knipp

    good stuff. I will make sure to bookmark your blog. https://bzp65.com/

Leave a Comment