Coinbase generated $2 billion in transaction fees

Posted 24 October, 2019

On October 23, the co-founder and CEO of major the United States cryptocurrency exchange Brian Armstrong stated, Coinbase has generated close to $2 billion in transaction fees since the company launched back in 2012. Armstrong said that the company spends a significant part of its profits on the development of innovation and the development of new products.

Also, according to him, Coinbase has been profitable since 2017.

“Most of these profits we’re plowing back into the business to create new products. I sort of think of us as the anti-unicorn unicorn. I want Coinbase to be a company of repeatable innovation.” - he added.

In his view, the digital money will stabilize over time. When there is less speculation on the market, cryptocurrencies will be able to create a new economy that will take a share in the GDP of various countries, the head of the trading platform concluded.

Coinbase was able to obtain a license for operations with electronic money (E-money) from the central bank of Ireland. The company also in talks to buy the startup Omni Rentals, which in the past received investment from fintech company Ripple.

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25 October, 2019 10:28

← Galaxy Digital to launch new crypto fund

Michael Novogratz remains bullish, as evidenced by a new bitcoin fund that Galaxy Digital has in the works and that will come “in time.” A division of the merchant bank Galaxy Digital is launching bitcoin fund in November. 

Galaxy Digital to launch new crypto fund

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24 October, 2019 15:12

SEC: Cryptocurrency violations decline →

 Jay Clayton, Chairman of the SEC, at a conference titled ‘Blockchain Infrastructures,’ as part of Fintech Week 2019 in Washington D.C, claimed that cryptocurrency violations are decreasing.

SEC: Cryptocurrency violations decline
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