Photo Credit – TechCrunch
Coinbase one of the main digital crypto exchange, was allegedly signing 50,000 users daily a year ago, when most cryptocurrency flooded to their unequaled highs. CEO Brian Armstrong said that the organization’s development is going with that of the lead cryptocurrency.
Talking at the Bloomberg Players Technology Summit in San Francisco, Armstrong said that the Coinbase was first signing around 500 clients per day when it began. In the wake of persevering through its first crypto bubble, it was including 5,000, and wound up to signing 50,000 every day a year.
While Armstrong didn’t reveal what number of clients the Coinbase is adding now per day. He said after the downfall of bitcoin price people have experienced a level in cryptocurrency. He stated that the innovation is as yet still developing.
He also gave an estimation saying that about 10% of crypto coins are used in real life, in games and for other online transactions. He said that “I think it will be quite some time before you cross the street to Starbucks in the U.S. and pay with crypto.”
With this the other news is, Coinbase recently announced of reduction in its annual management fee for thier clients. The August 13 they made a clear statement on this which was published on their blog. For all new users and existing users Coinbase have reduced their annual management fee from 2% to 1%.