The San Francisco-based crypto giant Coinbase has recently said that it signed up around 50,000 new users every day in 2017. Coinbase, founded in 2012, has become one of the most popular exchanges within the crypto market.
Last Tuesday, Brian Armstrong, who is the co-founder and CEO of Coinbase, spoke at the Bloomberg Players Technology Summit in San Francisco.
“This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau,” said Armstrong. “Peoples expectations are all over the map, but real-world adoption has been going up.”
Armstrong mentioned that Coinbase saw $150 billion dollars’ worth of cryptocurrency trading over the past year on its platform.
It is very impressive that Coinbase has been seeing so many new registrations every day in 2017. This is a good indicator that many people believe that the crypto market is legit and has potential. The reason behind the growth of Coinbaseis that they made it easy and simple to get into the crypto space, which is something crypto desperately needs more of. If Coinbase can bring in 50,000 users a day in 2017, the number of new registrations during a next bull run market could be incredible. Armstrong estimates that about 10% of the crypto purchased on Coinbase is used in real life, in online games, and other online purchases.
“Now it’s getting harder and harder to be a crypto skeptic,” said Armstrong.