Coinbase, one of America’s largest cryptocurrency trading portal has disclosed that it added 5 million new users in the last ten months, according to reports.
The San Francisco-based cryptocurrency exchange released a paper showing that by the end of September 2018, it had 25 million customers.In 2019, the numbers rose up sharply, and now has about 30 million users.
This growth can largely be credited to significant increase in bitcoin prices. The period of growth has been displayed in the tweet below.
— Alistair Milne (@alistairmilne) July 22, 2019
This period of growth has been monumental for the exchange, which also made some great in-house developments over this period. Back in 2018, Coinbase was available in only 32 states but they have expanded massively.
In May 2019, the exchange announced that it had expanded its crypto-to-crypto trading operations in over 100 countries. This is a massive hike in their user base than what it was in 2018. Meanwhile, the platform also made some new additions.
They listed new cryptocurrencies, including EOS, XRP, and a host of other altcoins in that same period. Now wonder the popularity of the exchange has constantly been on the rise. Additionally, more and more people are learning about crypto, and joining the crypto trading platform to get in the game.
Coinbase has also been delivering on their promise of safety, as it has witnessed lesser breaches than any other exchanges in its league. The firm has also been fostering ties with regulators in the countries to which it is expanding or planning to expand in.
This is a great sign of growth and progress for the exchange.