Coinbase Booked $1b in 2017 Revenue

Despite huge revenue, company remains closed and doesn't allow to sell its shares on the secondary market
23 January 2018   951

The largest American cryptocurrency exchange, Coinbase, has earned $ 1 billion in 2017, which is 66% higher than the expected revenue of $ 600 million, Recode reports referring to "sources from the industry." According to the information of the portal, despite the growing interest from outside, the company remains closed and does not allow trading its shares on the secondary market.

Coinbase faced a real wave of new users in 2017 due to Bitcoin price jump. After the announcement of the bitcoin futures launch in November, 100,000 users registered at Coinbase in 24 hours.

Although the growth of bitcoin was replaced by a recession at the end of last year, this did not prevent Coinbase from demonstrating record profitability, secured by huge profits due to transactions carried out on its platform.

The success of Coinbase did not go unnoticed among investors and venture capitalists. According to Recode, interested parties are trying to get a stake in the company in various ways, but Coinbase told its shareholders not to sell their shares to third parties.

As a private company, Coinbase does not allow trading of stock on secondary markets for a variety of reasons, including the fact that there is not full and equal information available to the market. We will take appropriate action if we find people have sold Coinbase shares in violation of our agreements not to do so.
 

Coinbase

Such activities will be considered a violation of the company's policies, said a representative of Coinbase in a conversation with Recode.

Coinbase to Launch Services for Newbie Traders

Coinbase Bundle, Coinbase Asset Pages and Coinbase Learn are designed to "help people understand, explore, and buy their first cryptocurrency"
28 September 2018   360

The leading US cryptocurrency exchange Coinbase, has introduced several services for novice users.

Coinbase Bundle allows to invest in several crypto assets, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. At the same time, the specific weight of each currency in the user's portfolio is formed in accordance with the share of these assets in the market. The minimum investment in the Bundle is only $ 25.

Coinbase Bundle Service
Coinbase Bundle Service

The update is positioned by Coinbase as a convenient tool to acquire all five of the listed cryptocurrencies without having to create a separate order for each coin.

The platform will be used by users of the platform from the US, EU countries and Great Britain. The commission for the acquisition of Bundle is 1.5%.

Also, the company introduced the Coinbase Asset Pages service, which displays information on 50 leading crypto-currencies, including their market capitalization, the current price and its changes, as well as links to relevant information sources.

Coinbase Asset Pages
Coinbase Asset Pages

Coinbase Asset Pages is available to everyone and is not limited to the user base of the company.

In addition, the company introduced the educational service Coinbase Learn, designed to familiarize users with the basics of working with crypto-currencies.