Coinbase saves a billion dollars in revenue in 2017

Coinbase is the largest purchasing platform for crypto-currencies in the United States. This year will no doubt be historic for the california-based company, which is expected to save a record in terms of revenue.

A small california-based company in full expansion

Coinbase continues to grow. In 2017, the largest purchasing platform for crypto-currencies in the u.s. has generated a billion dollars in revenue. It must be said that the sharp rise in the price of Bitcoin has attracted many investors, professionals as well as individuals. The platform Coinbase being particularly simple to use and enjoying a good reputation, it has won a great success. Between November and December, the platform was recorded to be on average 100 000 new users per day.

Coinbase

The application Coinbase was in the month of December, the most downloaded on the Apple Store in the United States. To earn money, Coinbase charge fees to the users who exchange fiat currencies for currencies digital. Fees are also charged to the people who do trade on the trading platform. However, the year 2018 is also expected to be a record year in terms of revenue, even though there will be some strategic adjustments.

A success record that is difficult to control

Because since Coinbase was so successful across the Atlantic, investors are many want to enter the capital of the california-based company. But the company founded in June 2012 by Brian Armstrong refuses now the entrance of new investors. Moreover, the founder has been keen to remind the shareholders of their commitments : “as a private company, Coinbase does not allow the trading of its shares on secondary markets, and this for many reasons. […] We would be forced to take the necessary steps if we find that some people sell shares of Coinbase, in violation of their commitment not to do so “.

In the Face of the growing success of the platform, Coinbase had raised a budget of $ 100 million to expand its team and install new offices, in August 2017. It seems that 29% of owners of crypto-currencies in the United States, or 13 million people use the platform Coinbase. Something to be reassured about the future of this small american company !

Source : CoinTelegraph