What makes Coinbase users increased

[Flow-er]

The cryptocurrency exchange has made transaction a lot more easier in cryptocurrency. Gone are the days when you will be looking for who has cash and needs the cryptocurrency that you are holding inorder to liquidate it. The advent of cryptocurrency exchange has made it very easy for liquidation of digital assets. The digital assets is very liquid , thanks to crypto exchange. You could also exchange your cryptocurrencies on the exchange and it is seamless. This is the more reason why cryptocurrency became popular and widely accepted . This is so because, it make crypto trade very easy and fast. Some exchange makes it more easier with the integration of the peer-to-peer platforms, where the user will have direct interaction with each other, further eliminating the third party.


Coinbase , the foremost cryptocurrency exchange gains more popularity. The statistics released depicted that cryptocurrency Coinbase users increased more than 50% last year. The juicy features added by Coinbase made its user base grow tremendously. Recently, the coinbase integrated bitcoin lightening network and this is enough to skyrocket its users. It was on record that over 11.4 million users transact on the exchange monthly and its trading volume increased by 8.5 times of the last year value.

 

[Mika]

According to Coinbase website over 89 million people are actively using coinbase. According to Time magazine, in each quarter (every 3 months), over 73 million users trade on Coinbase and the trading value is over $300 billion. In April 2021, Coinbase was listed on Nasdaq stock exchange. Currently, Coinbase share is trading at $185. Coinbase was founded in 2012, three years after the creation of Bitcoin, the first crypto currency. IN the first few years, it was trying to become a PayPal of cryptocurrency world. Today, it is one of the most valuable crypto companies with a lot of features. In 2021, the company made 7.84 billion USD profit. The company is valued at 86 billion USD.
Coinbase users are increasing every year because it is one of the oldest crypto exchanges, a US-based company, and it is a publicly-traded company. Binance, the major competitor of Coinbase has been criticized, sometimes even blocked in many countries for failing to get registered with the financial authorities in the country, however, coinbase has a clean reputation.
Coinbase is easy to use, it has many features, offers multiple coins storage and exchange, and also has an earning program (task-based programs, affiliate programs as well as staking programs)