Crypto Milestone: Coinbase Hits 30 Million Users, Adding 5 Million in Just 10 Months
The leading US crypto exchange Coinbase says people are signing up to use the exchange by the millions.
Alistair Milne, chief investment officer of the Altana Digital Currency Fund, has been tracking the numbers through the months, which are publicly available on Coinbase’s website.
The stats show that the San Francisco-based exchange now has 30 million users – adding five million users in just the last 10 months alone.
— Alistair Milne (@alistairmilne) July 22, 2019
This year, Coinbase has rapidly expanded the number of available crypto assets on its platform, adding XRP, EOS, Augur and Zcash, among others.
The exchange has also greatly expanded its support for institutional investors.
Coinbase launched an over-the-counter trading desk late last year along with Coinbase Custody, giving institutional investors with at least $10 million in deposits a way to enter the market and store funds.
CEO Brian Armstrong says the exchange is just getting started and plans to move way beyond trading in an effort to build the crypto and blockchain ecosystem at large.
In a recent ask-me-anything, Armstrong said that five years from now, he’s pushing to have one billion people accessing an open financial system through his company’s products every day.