coinbase reports almost half its profit came in December alone that big surge in Bitcoin guys people want to get in the game coin base recently reported to investors that it made one a billion in revenue through 2017 dead calm that's a lot of money guys I mean it's a billion dollars in revenue through fees think about that think about how much cryptocurrency has been passed through those systems a billion dollars in the fees man an independent assessment finds that 43% of that was in December alone well the San francisco-based exchange coin base was one of the first interfaces to make Bitcoin accessible to the masses using credit cards and bank exchanges which is why I love coinbase it helped ramp me up help me get into the game I love coin base they've never done me really wrong except the fees are expensive which you guys have seen me do many many times credited with bringing cryptocurrency transactions out of the shadows by putting a public face to Bitcoin exchanges and raising investment capital from a Silicon Valley coin base was initially expected a 600 million profit by for 2017 but the bull run in final weeks of the year nearly doubled that estimate analysis of the year's profits provided by Super Fly insights was measured using receipts from a twenty five hundred twenty-five thousand users coin base makes its money from transaction fees so it makes sense that during the fury of trading that went on from about Thanksgiving it through New Year's the exchange would have seen much higher profits according to the New York Times coin base was receiving eight times as much traffic in December as in June and coinbase is adapting its model for 2018 when it with the rise of fee last exchanges it won't it won't be possible to match those numbers in 2018 unless there's another surge in crypto currency trading which many pundits predict there will be with some calling for a a bull market to reemerge around March guys that's what I said that's why I said guys I said that guys I told you got Hottel through marcado through February March guys is coming up it's only a couple days away or a day away and continue through the summer gaining a momentum until the end of the year quote there is no reason why we couldn't see Bitcoin pushing a $50,000 by December you guys have a strong hand I got a strong hand up hobbling on Tamas Gluckman head of marketing at crypto currency exchange gate coin I told NBC CNBC earlier this month another factor may cut into 2018 profits for coin base is a new a breed of competition many new exchanges emerged during 2017 but a new generation like Robin Hood a Robin Hood are promising No Fee transactions but they're not really trading Bitcoin guys you better do your research it's more like an ETF than anything else coin base is looking to counter this competition with a new merchant platform coinbase commerce which will neighbor vendors to accept a virtual currencies this will generate profit from participating merchants while encouraging the growth of cryptocurrency use Gernon fees from those transactions as well this holy grail of the digital currency world though is a high hurdle to leap most merchants are not that interested in the relatively small number of BTC and atheria modelers said Jonathan Miura CEO of superfly insights in regards a tax issues the company has been dealing with for several years they sent out a notification to users a February 23rd on the support page of their website the notification is an update on the ongoing IRS demand that coinbase turnover records concerning a 500,000 users of their exchange the entire notification was talked about on DC TV previously guys no big news here hello doesn't want to work I guess we'll just talk like this guys I guess we'll just talk like this well guys this tells us about the sign of the times coin base is one of the best user experiences when it comes to noobs entering into the cryptocurrency market and I'm a big fan of corn-based I've had a coin base count for two-plus years and it's never really done me all that wrong now coin basin is needing to change its market strategy when it comes to Robin Hood and other fee less exchanges coming up and this new coin base marketplace could be just the thing but at the end of the day guys this tells us a lot this is a huge a signal coming out of coin base that the bull run number one for Bitcoin is not over we're just only beginning and number two guys adoption is only growing it's only growing my friends let's see if these buttons work no none of these buttons work it's not working guys & like button why for a system trying to work guys let's see if we get the system nor please
