Don't think that the news about the CME announcing they will have derivatives for bitcoin and cryptocurrencies by the end of this year was big news?
Think again!
By the way, more on the CME release can be read here:
https://steemit.com/bitcoin/@jrcornel/bitcoin-making-new-all-time-highs-but-can-the-reasons-behind-it-also-be-good-for-steem-and-altcoins
Shortly after the CME headline made the rounds, Coinbase saw a massive surge in new user accounts.
Specifically within 24 hours of the headline dropping...
How big of a surge you might ask?
How about 100,000 new accounts in a single day!
Making it one of the best days in the entire history of the company.
That number is staggering for the company, however, it has been much more than just one good day for Coinbase.
Coinbase has been seeing a surge in new customer accounts for some time now.
In fact, taking that new user total into account, the total users at Coinbase has more than doubled since the beginning of this year.
Some Coinbase Statistics:
The total accounts registered at Coinbase now numbers close to 12 million.
Coinbase has exchanged a staggering $40 billion worth of cryptocurrencies and provides services in over 30 countries.
(32 countries to be exact)
Coinbase is one of the largest crypto exchanges on the planet and is one of the few exchanges in the US that offers fiat to crypto on/off ramps.
With all this growth, someone is going to be upset...
Actually a lot of businesses are going to be upset they didn't take Coinbase seriously a few years ago, however, one stands out specificially in my mind.
PayPal.
PayPal decided to do a small partnership with the company a while back instead of purchasing a stake in the company.
Which, given the growth in the industry and in the company, I think they would probably like a redo on.
Overall, I would imagine PayPal is going to be upset at some point that they didn't purchase Coinbase outright when they had the chance a year ago...
That is, if they aren't already upset.
Stay informed my friends.
Sources:
https://www.bloomberg.com/news/articles/2017-11-02/bitcoin-exchange-added-100-000-users-in-a-day-as-price-exploded
Images courtesy of pixabay.com
Follow me: @jrcornel