Bitcoin Rises - Coinbase Adds 100K Users A Day

11/04/2017 - 16:15 UTC
Bitcoin Rises - Coinbase Adds 100K Users A Day

Bitcoin price breaks all-time highs these days and speculation electrifies those ready to jump on the bandwagon. As a result, digital exchanges add thousands of new users each day.

As the Bitcoin price continues rising for almost three weeks now, the interest in Bitcoin intensifies, thus a lot of people are rushing to purchase Bitcoin in digital currency exchanges, such as Coinbase.

Customers of the San Francisco-based Coinbase can instantly purchase Bitcoin, Ethereum, and Litecoin using their bank account.

According to Alistair Milne, of the Altana Digital Currency Fun, Coinbase had 100,000 new customers registered in the 24-hour period after the CME Group announcement on Bitcoin futures coming by the end of 2017.

Coinbase has more than 11.9 million customers, in 32 countries. The company raised investment $100 million in in August 2017, implying enterprise valuation of $1.6 bln. 

The amount of digital currency Coinbase has exchanged has reached $40 billion, according to the company.

Apparently the continuous price drive up, a few positive news reports along with lots of Amazon-Bitcoin hype and lots of speculation make the crypto ecosystem increase exponentially.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice on Bitcoin, Cryptocurrencies or finance in general.