Coinbase Amassed 30 Million Users: 5 Million In Last Month

The San Francisco based cryptocurrency exchange Coinbase amassed 30 million users in its user base, 5 million of which came last month. It is clear that Coinbase is among the leader and is constantly featured in the latest cryptocurrency news – and there is a reason why.

What many don’t know is the fact that Coinbase is also the most commonly used fiat-to-crypto gateway in the United States – a market which consists of the largest portion of investors from all over the globe.

As new data gathered by the renowned Bitcoin entrepreneur and startup investor Alistair Milne shows, Coinbase amassed a massive user base of 30 million with as much as 5 million new users being added over the last ten months as Bitcoin found its bottom and started rising again. After this major milestone which was featured on many best cryptocurrency news sites, many are asking themselves where does the world’s most popular crypto exchange go from this point.

The fact that Coinbase amassed 30 million users just around the time Bitcoin set an all time high translates to a 15% increase in 10 months.
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In December 2017 (when Bitcoin was at $20,000) Coinbase topped Apple’s App Store as the most popular app in the finance category. This showed the world that crypto was a force to be respected.

Ever since then, Bitcoin fell in a bear market – but this did not stop the world leading exchange to ramp up its user base. Coinbase amassed more and more users and the trading volume on its platform was surging, with the interest once again returning to the industry.

Coinbase has passed 30million users this month
(adding 5million users in the last ~10 months)#bitcoin pic.twitter.com/3SNO7HwBxg

— Alistair Milne (@alistairmilne) July 22, 2019

The CEO of the exchange, Brian Armstrong, pushed his team to stay strong during the 2018 bear market as well as use the downtrend to build a solid foundation when the bull market resumed. As Bitcoin was rising, the altcoin news also showed increases.

In a recent live YouTube AMA, the CEO of Coinbase commented the increase and revealed that he wants to take the firm beyond just crypto trading – and push widespread adoption of cryptocurrencies by ‘offering a list of services beyond trading.’

Coinbase amassed a lot of users and that’s a fact. However, the exchange (just like many others) may be headed into uncharted territory soon, once the regulation hits the industry.