Wow!! Coinbase is making $ 2.7 millionn a day!!

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Coinbase is one of the most popular cryptocurrency exchange platform ever

Coinbase is one of the leading cryptocurrency platforms all over the world. It accepts credit cards and is operational in more than 32 countries worldwide. Coinbase allows users to trade their cryptocurrency at a set price based on the market value. It also operates the GDAX exchange which is for professional traders. Because of the high-security measures and easy to work upon, coinbase is popular among many traders as well the investors.

Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute according to the information by shareholders.

Coinbase claims the lion’s share of the money that’s pouring into the crypto space at a dizzying rate because it is the americas’s largest bitcoin broker. 2017 was an important year for all crypto exchanges. In this year crypto space reported record numbers across the board. New signups, new staff hired, new trading pairs, and new revenue all was done in this particular year. Those revenue streams have turned into a torrent that has caused Coinbase’ coffers to swell.

reports say that the company’s revenue exceeded $1 billion last year among which most of it derived from the trading fees it levies. These vary from between 0.25% and 1%. and quickly add up: in the past 24 hours, 36,000 BTC were traded on Coinbase, accounting for more than 15% of the total market. Coinbase is the best known crypto exchange platform and also carries huge demand in the cryptocurrency industry.

It’s not just cryptocurrency that’s in demand from Coinbase but investors are also seeking shares in the company itself. A number of existing investors have got enquiries from buyers interested in changing up their shares. Coinbase is doing everything in its power to prevent that from happening which is indeed a big problem. Coinbase exactly knows what it is doing. The company is in full power and fulfilling the demands of its customers. You can dial 24*7 approachable Coinbase helpline number and get all the possible knowledge about Coinbase.

Coinbase is a private company and because of this, it does not allow trading of stock on secondary markets. There are many reasons, including the fact that there is not full and equal information available to the market,” according to a company statement. They also said, “We will take necessary actions if we find people selling Coinbase shares in violation of our agreements.”

We are expecting the company to launch an IPO. Traditionally, these public offerings are taken over by a VC round for investors.

As a result, investors are scrambling to engage in secondary trades in a bid to claim a piece of the pie while they still can. Coinbase would have no need for private equity, no matter how eager investors are to part with it because it has over 13 million customers who bring in more than a billion dollars a year.

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