There are many major bitcoin exchanges fighting for customer. Despite the recent price price descent, every day new user are entering the bitcoin trading market. According to BanklessTimes, Coinbase verified users are approaching the 100M mark.
Jonathan Merry, CEO of BanklessTimes, spoke during the release of these findings. He said
„Coinbase is having an upward trajectory. Each year, there is an increase in the number of users. The steady rise in the number of users is a validation of the platform by users. Coinbase is climbing the ladder and is soon challenging bigger platforms.“
Coinbase, the Engine That Drives Crypto-Economy
Coinbase provides an easy-to-use and convenient platform for crypto enthusiasts. It is a starting point for customers worldwide as they learn about cryptocurrency and embark on their crypto journeys. The platform boasts 98 million authenticated users, 13,000 organizations, and 230,000 network partners in over 100 nations.
The percentage growth of verified users between Q4 2021 and Q1 2022 stands at 10.1%. It has risen from 89 million to 98 million. On average, 9 million users visit the site every month. This indicates a great potential for the site to continue growing.
Coinbase User Growth Factors
The number of verified users shows Coinbase’s popularity as a crypto exchange in the United States. Unlike competitors, the organization has no hacking incidents due to robust security procedures.
Bitcoin’s value has dropped with asset trading sideways, but the crypto’s feelings focus on Coinbase. Most crypto experts feel that bitcoin’s correction will lead to recovery by 2022. Thus, the comeback has consistently attracted new investment.