April 20, 2014



Y Combinator-backed Coinbase Now Selling Over $1M Bitcoin Per Month

February 10, 2013

Post image for Y Combinator-backed Coinbase Now Selling Over $1M Bitcoin Per Month

Bitcoin is beginning to boom again.

Customers of Coinbase, a platform for buying and selling the digital currency, have bought or sold more than $1 million worth of Bitcoin in the past 30 days.

“There’s an incredible amount of demand for people who want to buy Bitcoins now,” Coinbase CEO Brian Armstrong told VentureBeat. “The pace of going from $0 to $1 million was staggering.”

Coinbase launched last year and aims to be “the PayPal of Internet-only currency.” It helps merchants and consumers by providing a Bitcoin wallet and platform to make transactions easier, but the vast majority of its revenue comes from letting users buy and sell Bitcoins directly from Coinbase. It charges a one percent fee on top of each transaction.


The company claims that it has seen huge growth in the past three months, after it started letting users buy and sell Bitcoin by connecting any U.S. bank account.

Y Combinator-backed Coinbase Now Selling Over $1M Bitcoin Per Month [continued]




The Liberty Crier is delivered to tens of thousands of subscribers daily.
Get your FREE copy by subscribing below!

   
 

 

Previous post:

Next post:

Copyright ©2014 LibertyCrier.com