Coinbase chief Hirji: “It is not surprising that the market is recovering”
Home News Coinbase chief Hirji: “It is not surprising that the market recovered”
Marcus Misiak –
Although there were in the last days of the much-awaited Christmas Bullrun, but Bitcoin has recovered in the last few days, at least a little. Asiff Hirji, President and Chief Operating Officer of Coinbase, said that the current recovery is surprising, and the run should continue into next year.
Hirji spoke with CNBCs Fast Money and explained that the market is above its fundamental data, go could and said: “Sometimes things are never as good as they seem and never as bad as they seem”. Hirji believes that the market in 2018, more innovation has experienced everything from the past few years, surpassed. For him, Kryptos are always visible. The use cases is on the rise.
In all the Chaos, Coinbase has made in the last few days with its “12 Days of Announcement” for a lot of positive news for the market, as we have reported. While new product features such as the Crypto Convert and Coinbase Earn were presented, there were also a number of new Coinlistings, such as decentra land (MANA), LOOM, Civic (CVC), district0x (DNT), Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL), which led to speculation that Coinbase is trying to increase the volume of trade, by offering more Kryptos for the trade.
Hirji said that this was not the case. He went on to explain that there are thousands of Kryptos, and Coinbase “in the course of time, as many crypto-currencies to add would be that in many of the regions are important, as we can”.
This is the beginning of the next big wave of technology, and you should expect that you will see in the course of time, more and more crypto-currencies.
In relation to the growth of the institutional products of Coinbase Hirji said that institutions need to have a regulated and compliant place to invest in crypto-currencies.
Institutions need to have a valid commercial space, a qualified custodian and want to make sure that there is actually liquidity. We have built up a lot of liquidity, and we have the best regulated, the most qualified custodian Bank in the world. We think that we have built a lot of infrastructures that enable institutions to invest in crypto products.