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Bitcoin wallet and trading platforms are experiencing an explosive growth in their user bases. In June, Coinbase added one mln new users, demonstrating a massive increase in its user base in a relatively short period of time.
Alistair Milne, Bitcoin investor and analyst at Altana Digital Currency Fund, recently revealed a growth chart of Coinbase’s user base dating back to November of 2016. From May to June, Coinbase added approximately one mln new users and in the past 18 months, Coinbase added more than four mln users.
Users, not wallets. Milne’s chart above shows the growth in the number of Coinbase users, not wallets. At the time of reporting, Coinbase oversees 27.5 mln wallets, more than leading Bitcoin wallet service provider Blockchain. Apart from that, Coinbase supports 46,000 Bitcoin merchants and 10,000 developer apps.
The differentiation between the number of users and wallets operated by Coinbase is important to consider because many users and analysts have previously referred to the active user base of Coinbase to compare the number of wallets operated between Coinbase and Blockchain, the two largest Bitcoin wallet platforms in the market.
At the moment, Coinbase is the largest Bitcoin wallet platform in the market and operates around 12.5 mln more wallets than Blockchain.
Full article here.
Alistair Milne, Bitcoin investor and analyst at Altana Digital Currency Fund, recently revealed a growth chart of Coinbase’s user base dating back to November of 2016. From May to June, Coinbase added approximately one mln new users and in the past 18 months, Coinbase added more than four mln users.
Users, not wallets. Milne’s chart above shows the growth in the number of Coinbase users, not wallets. At the time of reporting, Coinbase oversees 27.5 mln wallets, more than leading Bitcoin wallet service provider Blockchain. Apart from that, Coinbase supports 46,000 Bitcoin merchants and 10,000 developer apps.
The differentiation between the number of users and wallets operated by Coinbase is important to consider because many users and analysts have previously referred to the active user base of Coinbase to compare the number of wallets operated between Coinbase and Blockchain, the two largest Bitcoin wallet platforms in the market.
At the moment, Coinbase is the largest Bitcoin wallet platform in the market and operates around 12.5 mln more wallets than Blockchain.
Full article here.
All is really well for Bitcoin as more and more people are being added into this big wallet service provider. And this is just talking about Coinbase, what about those who are in other countries like the U.K., the whole Eurozone and the whole of Asia? And let's not forget the African continent as well...this is now brewing with Bitcoin activities and can soon boom and bloom. Here in my country, there is that continuing interest and boom with cryptocurrency and my Facebook account is always abuzz with news related to Bitcoin.
We are now getting to be the Bitcoin generation. And I think for the rest of this year 2017, the big momentum is building up for a much bigger growth stored for 2018 and well into the 2020 period. We would see more expansions and more and more governments would recognize Bitcoin and cryptocurrency as a viable system to go alongside with the traditional financial sector.