The CEO of Coinbase, Brian Armstrong, is in the latest digital currency news because of a letter that he sent to Coinbase employees in which he accents the scaling of Coinbase in order to meet the demand of the market and serve the customers.
After having the best quarter so far, Coinbase launched several products over the Q4 of 2018 and introduced big features such as instant PayPal withdrawals, Coinbase Earn (a modified version of Earn.com) as well as the secure migration of over $5 billion to an improvised cold storage solution.
The CEO of Coinbase proudly commented all of this in an open letter but also addressed that the company is listening and adapting to the needs and assets that the customers have come to demand.
As an excerpt from the letter reads:
“Our goal is to maintain the trusted experience our customers have come to expect while adding the assets our customers have come to demand. This quarter, we added more assets than in our entire prior history as a company, and expanded our services to more people in different countries. […]
I continue to be so impressed by the ability of this team to execute on aggressive timelines, all while solving problems that have never been solved before. This was a year of scaling Coinbase up to meet the demand of the market and efficiently executing to serve our customers.”
Overall, Coinbase has experienced major growth over the past year, with some impressive rollouts over the past quarter. The exchange also procured a license under the New York State Banking Law which allows it to operate as a qualified custodian.
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