Coinbase Third Quarterly Balance 2018; What Did It Accomplish?
Brian Armstrong, Co-Founder and CEO at Coinbase, wrote a blog post in which he explains what Coinbase has accomplished during the third quarter of the current year. According to Armstrong, the intention is to bring transparency about the operations they conduct at the company.
The first thing he mentions is that they hired new experts to continue enhancing their operations. They added a Chief Legal Officer, a Chief Compliance Officer a VP of Engineering, a VP of Data and a Head of Learning and Development.
Due to the fact that in the market appeared interesting new companies and fascinating startups, the company informed that they have invested in nine more firms which they believe that have an incredible future potential. Among these companies, they mention Horizon Games, Coinmin and Public Market.
Furthermore, Armstrong explains that the company launched new features and policies that help customers have an easy to use experience. In this way, they have released to the market the following products and services:
- Bundles: a crypto solution that allows users to buy a basket of cryptocurrencies with just a few steps.
- Increased Limits: users can buy and sell their cryptocurrencies immediately being able to manage $25,000 per day.
- New Asset Listing Process: Coinbase has created a new strategy that will accelerate their ability to add new assets.
- Coinbase Wallet: Toshi became Coinbase Wallet.
- Relaunched Paradex Internationally: It offers support for 21 different tokens.
Additionally, Coinbase has also opened a new office located in New York’s Union Square. This is part of the expansion plan that the company has for the next months and years.
The company has also added support to Ethereum Classic across different products that Coinbase has developed. Furthermore, it has announced the exploration of new assets for other products, added support to Great British Pounds (GBP) and the money transmitter license in Wyoming has been renewed.
In addition to it, Coinbase is building a program that would allow users to learn about cryptocurrencies, blockchain technology and more. In this way, the company has already produced the first video for the community that helps understand how Bitcoin works and what it is.
Coinbase has also been recognized by many companies all over the world. For example, LinkedIn ranked Coinbase as the third most ‘sought-after’ startup in the United States. Fortune’s The Ledger has included four members of the Coinbase team on its 40 Under 40 list. At the same time, The Root has recognized Tariq Meyers as one of the 100 Most Influential African Americans during the current year.
In conclusion, Armstrong explains that the business is cyclical and it’s important for everyone to continue supporting the space to release new features.
About it he said:
“Our business is cyclical, and it’s crucial that we continue pushing hard to ship new features, fix what’s not working, and make the customer experience better, whether the crypto market is on fire or in a slower part of the cycle. We did that well this quarter, and in Q4, we’ll need to double down – and stay humble, scrappy, and focused – to do even more.”
Coinbase is one of the most important cryptocurrency companies in the world. It is a cryptocurrency exchange and wallet provider that offers many other services for retail investors and institutions.