Let’s Recap The Top USA Crypto Company Coinbase’s Accomplishments In Quarter 4 Of 2018
Taking A Look At Coinbase’s Accomplishment In The Fourth Quarter Of 2018
Coinbase has been the central name in the crypto landscape; not only in the United States but globally. They have often been deemed as the IBM of cryptocurrencies. This has always kept them at the centre of public attention, and so Coinbase has to fulfill the curiosity of people to show their progress and estimated timelines.
Brian Armstrong, the company’s CEO releases a quarterly report that sums up the Coinbase’s progress in the prior 3 months. Given below is the summary for the fourth quarter of 2018.
Products Launched In Q4
There were new products added and there were many integrations that were done with existing products. All these new launches were done with one thing in mind; bridge the gap between fiat and crypto for people.
- PayPal Integration: Users can access cash withdrawals through PayPal, but won’t have to worry about incurring a fee. For now, US customers are the only ones with this capability. However, additional countries should be added in 2019 as well.
- USDC: Coinbase Pro is supporting USDC, Circle’s new stablecoin. This means that users will be able to deposit normal USD and convert it to USDC without paying any fees at all.
- Coinbase News: Adding to the range of learning and discovery tools, Coinbase is now going to aggregate news articles by third-party sources on their mobile app. This feature was one of the most requested ones for Coinbase.
- Coinbase Earn: Coinbase Earn allows users to earn cryptocurrencies while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology while getting a bit of the asset to try out.
Coinbase’s Investments In Q4
The company’s investments represent their commitment to advancing the ecosystem toward the utility phase of crypto and fueling projects that get us closer to an open financial system. The companies in which they invested in are Spacemesh, Abacus, Nomics, Risk Labs (UMA), Starkware, Realtybits, Alchemy, Terminal, Flipside Crypto, Relevant, Securitize, Staked.us, and Gauntlet.
Addition Of Coins And Countries
It is Coinbase’s goal to maintain the trusted experience our customers have come to expect while adding the assets our customers have come to demand. In this quarter they added USDC, ZCash, BAT, CVC, DAI, DNT, GNT, LOOM, MANA, MKR, ZIL, and ZRX. Apart from tokens, the regions that they added are Andorra, Gibraltar, Guernsey, Iceland, Isle of Man, and Lithuania.
Apart from all these, the company raised upwards of $300 million in Series E round of funding which marks as a testament of their work and control over the ecosystem.
The CEO concluded the post by stating:
“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.”