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RE: Coinbase just added 100,000 new users in a single day!
I'm not sure how legit these Coinbase metrics are. If you look at the daily turnover, Coinbase's GDAX is doing a third of the volume of places like Bitfinex.
If Coinbase has all these customers, where is the volume? GDAX should be the top exchange in the world with this amount of clients.
I would imagine most of the clients are buy and hold clients as opposed to many of the others. People use Coinbase to get money into the crypto ecosystem, not necessarily trade from it.
Ok, that's a reasonable argument I suppose. I guess most of the American traders are already on other established exchanges like Bitstamp, Kraken, etc..
I know for me I have had to use coinbase to get money into other exchanges... Not many options for me to be honest. I would imagine that is true for many of those accounts. Need that fiat gateway...
Steemit is another great way for newbies to get into the crypto ecosystem... hopefully a little of that will rub off on us!
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