Coinbase Crypto Company’s Userbase Growth Continues Upward Trend Averaging 25,000 Per Day
Coinbase Userbase Grows
Atlanta Digital Currency Fund put together a spreadsheet of Coinbase statistics that allows users to track growth of the platform’s user base. Based on the data, the platform is growing by about 25,000 users per day, which is “comparable to mid-2017” growth, according to Alstair Milne.
Even with the impressive user growth rate, it isn’t the best that the platform has experienced. In March 2018, data shows that the platform was growing at 62,000 users per day on average. So essentially, the platform is seeing a decline in growth.
At this year’s TechCrunch Disrupt conference, Coinbase’s COO Brian Armstrong had predicted an increase in growth and that it would occur in the form of cryptoverse’s participants expanding from 40 million individuals to 1 billion in the next five years. If the prediction comes to fruition, then Coinbase may be able to expect many new users. The platform is currently one of the most popular in the United States and is working to lobby for pro-crypto legislation. It is also planning on opening overseas offices to enhance its reach.
Interestingly enough, when it comes to bitcoin, there will never be more than 21 million in circulation. As a result, the “21 Million Club” was created. Those who own at least 1 BTC are granted membership. One Twitter user commented that Coinbase’s 25 million bitcoiners can no longer join because they exceed the club’s membership quota.