Coinbase made $2,000 every MINUTE in 2017!
Coinbase makes $2,000 every MINUTE!
The most prominent website for buying Bitcoin recorded $1 billion dollars in profit last year. That is 66 percent more than they had projected, and I would expect them to continue to do just as well if not better as the demand for cryptocurrency steadily grows.
$1 billion per year breaks down to $2.7 million dollars every single day, or $2,000 every minute. That is hard to fathom, and almost all of that profit comes from the transaction fees.
Coinbase is currently a private company, but they are expected to eventually go public, and I think that could be a very good thing for the cryptocurrency market. It would raise exposure to the older people that are still unaware of crypto or afraid of it's legitimacy.
Coinbase is the most reliable website for buying or selling Bitcoin, Litecoin, and Ethereum.
I knew how wildly popular Coinbase was, and I knew that this was a record year for cryptocurrency volume, but I had absolutely no idea that Coinbase would be pulling in this type of profit. Hopefully this news will hit the mainstream and open the eyes of some of the "old school investors", informing them that there is serious money to be made in the world of crypto!
When do you think Coinbase will have an IPO? Tell me that and any other thoughts on Coinbase in the comments.
To the moon,
Coinbase it is the Best wallet
lol the best wallet??? you kidding write? hahahaha
They literally steal from you D
I have been waiting for 40 days for my Sepa transfer to arrive to my Coinbase account.
And i did follow all procedure.
dem hatefull man!!
Thanks for sharing sir
Resteem your post
@bwells
You welcome
I love Coinbase because it is very easy to use, convenient and reliable. Don't know if they will have an IPO, but I think 2018 will be a great year for them!
I'd say it's probably not a good idea right now.
Their PR is down the drain. #Coinbase
probably next year.
That is crazy, but I am not really surprised. The number of accounts on there has grown so much in just the past two months. Too bad they couldn't take some of that profit and fix the issues with the platform. Many people had transactions sitting in limbo for an extended period of time. They also halt buying and selling at key times. It makes crypto easily accessible but it certainly has it's flaws. -@bozz
But warren buffet says there is no revenue to bitcoin!! lol
Hopefully they use are part of those profits to improve customer support and expand their offering!
Even then they did insider trading on BCH , shameless people !
That is crazy to imagine that much money every minute. I hope by the end of the year they make it public. Like you said it would be a good thing for the market. It would be nice if they add a couple more cryptos to the exchange as well, specifically the ones I am holding. Xrp
wow just can't believe the figures lol