Coinbase will implement SegWit

One of the largest cryptocurrency exchanges Coinbase has announced that it plans to finally implement SegWit protocol in 2018
19 December 2017   1442

Coinbase, a San Francisco-based digital currency exchange which aims to create an open financial system for the world, has published an update on Bitcoin SegWit protocol. It was stated in the announcement that apart from secure storing of customer funds, the company wants to ensure that the platform performs perfectly during periods of peak volume, and that became a reason for implementation of SegWit, which will occur in 2018.

The decision to implement SegWit was made because this upgrade helps reduce the size of transactions and fees customers pay on Bitcoin transactions, and improves the overall transaction capacity of the Bitcoin network.

Coinbase vice president stated that they will inform the users as soon as the service gets closer to launching the feature.

It is worth reminding that Segregated Witness was activated on the Bitcoin Network on August 24 of 2017 on block #481824.

Coinbase Capitalization to Exceed $8B

Another financial round, headed by  Tiger Global Management, brought $300M to the company
30 October 2018   146

The American cryptocurrency company Coinbase raised $ 300 million in the framework of a round of financing for the E Series, which was led by the American hedge fund Tiger Global Management. Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and other companies took part in financial round too.

Thus, according to the company's estimates, its capitalization has already exceeded $ 8 billion, and the annual profit at the same time, according to Bloomberg, may be about $ 1.3 billion.

Coinbase intends to use funds for global expansion, expansion of listing, development of various utilitarian applications and attraction of institutional institutions to the industry.

Company became the first unicorn in the cryptocurrency sphere after the closing of the round of financing for the Serie D in August 2017.

Earlier in the media it was reported that Coinbase could enter the IPO after another investment.