Coinbase: instant BTC, ETH, LTC buying with bank account

Coinbase enables instant BTC, ETH and LTC purchases with a US bank account
25 October 2017   2553

One of the leading cryptocurrency exchanges, Coinbase, announces the ability for customers to instantly purchase digital currency using a US bank account. 

Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Now, customers can buy up to $25,000 and receive access to their digital currency immediately.

Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers.

David Farmer
Director of Comms, Coinbase

In its turn, this is to be a welcome addition for consumers, many of whom desire to purchase Ether so they can participate in initial coin offerings (ICOs), but do not reallize that they need to plan ahead to make sure their coins are available at the start of the ICO.

As detailed by Coinbase, the instant bank purchases are live for “many customers in the US”. The company claims that it will continue to expand the availability of this feature during the coming months.

Hurun to Issue Global Unicorn List 2019

Bitmain, Coinbase and Ripple took first three places in the blockchain unicorn list
22 October 2019   103

Hurun Research Institute counted eleven startups with an estimate of over $ 1 billion in the bitcoin industry.

Bitmain was topped the rating with an estimate of $ 12 billion. Next are:

  • Coinbase - $ 8 billion;
  • Ripple - $ 5 billion;
  • Canaan - $ 3 billion;
  • Circle - $ 2 billion;
  • Binance - $ 2 billion;
  • Block.One - $ 2 billion;
  • Dfinity - $ 2 billion;
  • Ebang - $ 1.5 billion;
  • Bitfury - $ 1 billion;
  • Liquid Global - $ 1 billion

According to analysts, there are 494 technological “unicorns” in the world. Hurun includes non-public companies registered in the 2000s with a capitalization of more than $ 1 billion.

In terms of the number of “unicorns,” the leaders were China (206) and the USA (203). In Europe, the institute counted 34 companies, of which 13 are based in the UK.

Top Countries and cities where the world’s unicorns are based

The blockchain sector ranked 16th in terms of total capitalization. 11 startups are estimated at a total of $ 40.5 billion. This represents 2% of the total capitalization of unicorns at $ 1.7 trillion.

Top Industries
Top Industries

The largest technological "unicorn" in the world is the Chinese fintech company Ant Financial with an estimate of $ 150 billion.

Startups in the bitcoin industry were younger than most - the average age was 5.36 years. The average capitalization rate of industry unicorns is $ 3.7 billion.