Coinbase’s valuation might double to $3.2 billion next year Archives

daniel January 25, 2018 Bitcoin Cash (BCH), Coinbase, Coinbase is growing like a Weed, Coinbase’s valuation might double to $3.2 billion next year, Ethereum (ETH), Lightning Network, Lightning Network Transaction, Litecoin (LTC), Raiden Network, Real World Lightning Network Transaction Reported

Coinbase is so profitable it does not need Venture Capital

The source of Coinbase’s prosperity is obvious: it makes money by charging .25% to 1% fees on all transactions. The size of the revenues indicates a massive increase in Coinbase’s transaction volume; probably generated by the media interest in high cryptocurrency prices.

Coinbase is adding new sources of revenue on a regular basis. Its; wallet now supports four cryptocurrencies; Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC).

Coinbase; which operates the GDAX exchange, now has more than 13 million brokerage accounts more than Charles Schwab (NYSE: SCHW), Recode claimed. Coinbase claims to serve more than 10 million members in 32 countries and exchanged more than $50 billion worth of cryptocurrency.