Market Woes No Concern For Coinbase With 50k Daily Signups

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Market Woes No Concern For Coinbase With 50k Daily Signups

Wed Aug 15, 2018 9:44 am

Cryptocurrency markets have rebounded a little today following a week of heavy losses. Those in the industry are unfazed though as exchange giants such as Coinbase continue to grow at a staggering pace.

At an interview at the Bloomberg Players Technology Summit in San Francisco Coinbase CEO Brian Armstrong said that the exchange was signing up 50,000 new users last year. His comments during the interview were still extremely positive in an environment where market sentiment has been bearish all year.

As one of the world’s leading crypto exchanges with 25 million customers Coinbase can be considered a good indicator of the overall condition of the industry and its future. Looking at the exponential growth that the company has had over the past few years is a testament to that. Armstrong elaborated stating;

This technology is going through a series of bubbles and corrections. So we’ve actually been through four or five of them now where Bitcoin made this big run up in price and there was irrational exuberance, and then it corrected back 60 or 70 percent. Each time it has done that it has reached a new plateau which has kind of matched the growth of the company. If you go back to 2012-13 when we started, we had 500 people a day signing up. After the next bubble and correction, we had 5,000 people a day sign up, and now it’s more like 50,000 a day signing up.”


https://ethereumworldnews.com/market-wo ... y-signups/

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