Bitcoin, Crypto currency, Blockchain

Coinbase is thriving in spite of the crypto crash

33320ab14ea41d075d6c55a5c19caff3 - Coinbase is thriving in spite of the crypto crash

Coinbase, founded in 2012, has recorded despite the global market downturn in a strong Performance in the fourth quarter of 2018. The company, led by a former Airbnb employee, convinced with a strong Performance, while it wades through a sea of Controversy, especially since it started a number of new crypto-Assets in its Portfolio.

The San Francisco-based company is developed as a customer-oriented Exchange, which is equipped with a simple (almost) One-Click interface. Coinbase is now benefiting from being always a step ahead, as it operates by the innovations in the lucrative sector, in which Coinbase itself, always keeps an eye on. And despite all of the drama in 2018 in the digital Assets such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) – the elixir of life from Coinbase dramatically in value, the company has its expansion and development capacity doubled.

Better than the competition

Brian Armstrong, the dedicated, and sometimes controversial CEO of Coinbase, recently issued a communication in which he celebrated the fact that the company has not only survived, but despite the ongoing bear market, even is grown.

The American company started life in the fourth quarter of 2018, with a high evaluation of the company and secured $ 300 million in Venture Capital from Tiger Global, Y Combinator, A16Z, Polychain Cap and a number of other groups of companies. Coinbase has a rating with a stunning $ 8 billion, making it the probably most valuable company in the entire Bitcoin Ecosystem.

Since this funding round, Coinbase is riding the wave. The funds were used for global Expansion, institutional services, and applications for crypto. As a step towards greater transparency in Armstrong’s letter was published, in which the introduction of a number of relevant products by the company was described. Including, among other things, support for Circle-backed USD Coin, a revised Version of Earn, PayPal withdrawals and Crypto-to-Crypto trading, just to name a few.

Coinbase has also listed a dozen new crypto-Assets on its platform in order to keep in the fast-moving Ecosystem of the step, there are notable Listings as ZCash (ZEC), Basic Attention Token (BAT), Maker (MKR) and 0x (ZRX). Dan Romero, Vice President of Coinbase, said in a Podcast that the clientele has started from Coinbase to support the development of new and innovative crypto-Assets. This is probably one of the reasons for the most recent Listings.

The company did not cease, however, with the Listing of the above mentioned Coins / tokens, but also started the digression in six new sectors, thereby increasing the Power of the crypto currencies, millions of people in their operating markets will be accessible. The future-oriented CEO of Coinbase, said that his company had made a series of investments in organizations such as Alchemy, Securitize, strong goods, Nomics, and Abacus, a strong market position for the coming quarters.

Armstrong made his joy and enthusiasm more than clear when he wrote:

I am very impressed with the ability of this team, aggressive to meet schedules and solve problems that have been solved never before. The past year was marked by the scaling of Coinbase, in order to satisfy the demand of the market and to work efficiently. So we can always support our customers in the best possible way.

It was a year of scaling of Coinbase, in order to satisfy the demand of the market and to work efficiently in order to serve our customers.

A bright future

A survey of Coinbase shows that the company has a glorious future before you. The users have evaluated the attractiveness of the subscription model is positive, the lower the “Maker” and “Taker”fees for Pro-Trader and at the same time perks for Premium offers to members. In the introduction of this program would be the first of its kind in the industry and would attract with its high user-friendliness, probably, a lot of customers.

In a series of Tweets, the CEO of the company confessed to recently, his love for Bitcoin:

Bitcoin is one of the most important inventions of all times and has triggered a global dynamics. It is fantastic to see how an entire Ecosystem is created around it, but Bitcoin is my first love.

further, he said:

I think we are still at the beginning. The white paper signalled the start of a movement and the full potential of Bitcoin is not yet exhausted.

Zeeshan Feroz, head of the British branch of Coinbase, was also extremely positive about the industry. So he said:

I think you can expect from us, we will take on in the coming months, other countries in our range. Much of what we do here is driven by the needs of the customers and from what we see on the market. I mean, if you look at the last year, was a big part of the focus on the people who’ve bought crypto from the “Investment perspective”, thus they have introduced many projects in the absurd amounts of money.

Disclaimer: Because of the buying and trading crypto-currencies with a significant risk of loss goes hand in hand, we speak of crypto Ticker not a recommendation to buy from. Please inform yourself thoroughly, comprehensively and, above all, independently from various sources that you trust before the acquisition of a crypto-currency.

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