Coinbase is a cryptocurrency trading and exchange platform, which also includes a wallet service, both desktop, and mobile. It was founded in 2012 in San Francisco, California. It’s one of the most prominent exchange platforms in the world boasting more than 20 million users. According to the company itself, it’s traded more than USD 200 billion in cryptocurrencies so far.
The firm’s mission is very much aligned with the objectives Satoshi had in creating Bitcoin. It wants to create an open financial system for the world. In this case, “open” means that no single country or corporation controls the system. This is rooted in the belief that such an order will be the foundation of real economic freedom, efficiency, innovation, and equality of opportunities for all the people in the world.
An open financial system can help to even the odds for millions of people in the world; help them rescue themselves from abject poverty while, at the same time, it drives the development of new technology and innovation for everybody. Coinbase, in short, wants to change the world.
There are several products developed and maintained by Coinbase. Those include Coinbase Pro, Coinbase Prime, and Coinbase Commerce. Last but not least, there is the Coinbase mobile digital wallet which is available for both Android and Apple mobile devices. The app allows you to send and receive Bitcoin tokens, secure access to your Coinbase accounts and to sell and buy Bitcoins from your phone by linking your bank account to the app.
The app has been received warmly by users all over the world. It’s even the Editor’s Choice at Google Play Apps. So the news is that the app is trending, according to the list of trending items at the app store.
— RookieXBT (@RookieXBT) May 16, 2019
This is excellent news for Coinbase because widespread use of its wallet can only mean it will become a more influential force within the cryptosphere. And we’re talking about a company that’s already very prominent. Every time they list a new coin in their platforms, the crypto press pays much attention, and the corresponding projects welcome the news very happily.
This is not a surprising development. The platform has 20M technology-savvy users so if only a small fraction among them want to have access to their accounts using their phone; the app is assured to continue rising in popularity and trending in both operating systems.
It’s an excellent example of the scenario in which a project with good fundamentals beats marketing every time. See, the marketing for the new app hasn’t been as visible as you could expect from a company this prominent. But the users know, and they’re loyal to it because it’s very reliable. So they trust it, and they want to be involved with every service in the Coinbase environment, as they are showing by downloading the app faithfully.
Unfortunately, too many things in crypto are a lot of smoke where there’s little or no fire at all. So it’s refreshing to see a big fire that’s not smoking all that much.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.