Bitcoin has reached a new all-time high above $7,350 and this peak shows that the cryptocurrency ecosystem is on the virtue of turning into something great. For Coinbase, one of the most popular cryptocurrency exchanges, this growth means prosperity, as data suggests it added over 100,000 new users on Saturday, informs CCN.
According to Alistair Milne, a portfolio manager at the Atlanta Digital Currency Fund, Coinbase has shown power throughout the whole year, with it reaching a record user growth on Tuesday. Its number of users has more than doubled since the beginning of the year, getting to a fabulous number, 11.9 million users.
Watch out, Wall Street is coming for Bitcoin!
The exchange’s growth comes at the perfect moment, just after the CME Group, the world’s largest derivates exchange, announces it plans on launching Bitcoin futures during the fourth quarter of 2017. This should bring a lot of Wall Street investors on board, people who weren’t prepared to implicate themselves (and money) without Bitcoin derivatives, bringing into discussion the low liquidity and lack of access to traditional trading products.
CME Group’s move could introduce a “wall of liquidity,” making Bitcoin’s price go skyrocket.
Coinbase’s biggest problem was its customer support service, one that created more issues than it solved. The exchange rolled out live phone support for its customers back in September, in order to fix the problem.
More benefits for all Coinbase users willing to buy currency
To make its customers even more happy, Coinbase announced that users with a U.S. bank account will be able to acquire Bitcoin, Ethereum, and Litecoin instantly when paying with it, and not having to wait a few days to embrace their assets.
But not everything is going great for Coinbase. Earlier this year, its Global Digital Asset Exchange (GDAX) went under the U.S. Commodity Futures Trading Commission’s investigation for the Ethereum price flash crash that occurred on June 21.