In the fourth quarter of 2018, Coinbase launched several products which proves that they might have had the best quarter of the year. This company just concluded its 12 Days of Coinbase which featured Coinbase Earn, instant PayPal withdrawals, and others.
Through Coinbase Ventures, the investment arm of the company, Coinbase has invested in different startups. Some of these startups include Starkware, crypto data API Nomics, Abacus Protocol, Securitize, and others. These investments complement previous ones which include Unlock Protocol, Reserve, and acquisitions like Cipher Browser.
The debut of the collateralized stablecoin called USDC is one of the interesting Coinbase developments. The US dollar is represented by Each USDC and the coin neither moves up or down, which makes it a holy grail for traders during crypto market volatility. This stablecoin has reached a milestone of $250 million in just a couple of months since its launch.
— Jeremy Allaire (@jerallaire) December 31, 2018
Leading cryptocurrency exchanges such as KuCoin, Poloniex, Binance, Bitfinex, Korbit, and others now support the stablecoin. And, because of the number of exchanges supporting USDC, this stablecoin might just lead the pack.
The Introduction Of Crypto Assets To Coinbase
Coinbase has recently introduced different crypto-assets within its product offering and they are CVC, BAT, DAI, GNT, DNT, LOOM, ZIL, MKR, and ZRX. Six different European countries which are Gibraltar, Iceland, Andorra, Guernsey, Lithuania, and the Isle of Man now support Coinbase. This support is in line with Coinbase’s mission to create a global open financial system.
Coinbase has also procured a New York State Banking Law License which allows the company to function as a qualified custodian.
In 2018, Coinbase experienced a high amount of growth with very impressive debuts over the last quarter of the year. The increased headcount and recent fundraiser provides the needed financial and human capital necessary to move forward.
The CEO of Coinbase stated that they are adding new assets in accordance with the demand of their customers. In a letter, Brian Armstrong, the Coinbase CEO sent to his employees, he stated that the goal of the company is to ensure their customers have a trusted experience. He also stated that customers demand different types of assets and during this quarter of the year, Coinbase will add more assets.
Coinbase CEO also stated that he is very impressed with the Coinbase team and their problem-solving skills as well as their ability to execute on strict deadlines.
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