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2018 was an exciting year full of surprises, highs, lows, explosions of euphoria, low bass, highs and a Champions League final ruined by Sergio Ramos. It was also the year when the cryptocurrency reached dazzling heights before, at the end of the year, plunging back to earth.
So it's no surprise that Coinbase has done a lot of things in the last twelve months. So many things indeed, that the company's CEO (CEO), Brian Armstrong, published a post this Thursday highlighting all the many wonderful things that the cryptocurrency exchange operator did in the last quarter of 2018.
In this post, Armstrong, co-founder of Coinbase in 2012, published a series of "results" that the exchange of cryptocurrency reached in the fourth quarter of last year.
Exchange or broker?
In particular, the company added cryptocurrency trading pairs, giving further credit to the idea that Coinbase is more a broker than an exchange.
In addition, the company launched the integration of PayPal for its US customers, improved its cryptocurrency payment systems, and added an educational tool, News on Consumer, for people trading on its platform.
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Perhaps the most significant was the addition of a stable currency – USDC. The cryptocurrency is equivalent to the US dollar and was launched concurrently with Circle – a cryptocurrency payments company supported by Goldman Sachs.
Expansion of Coinbase
Together with the expansion and strengthening of its range of products and solutions, Coinbase has also added a number of coins to its trading platform and has added five new markets. As for the first, the company has added so many that it is worth mentioning only the really remarkable ones. Those would probably be the aforementioned USDC, ZCash and BAT.
The new jurisdictions were not, it must be said, shocking. Iceland, Andorra, Isle of Man, Gibraltar, Guernsey and Lithuania will not immediately help Coinbase. In the long run, however, they could prove extremely useful. Gibraltar in particular is configuring itself as a true hub for the cryptocurrency industry.
Finally, Armstrong noted that the fourth quarter of 2018 saw Coinbase collect a total of $ 300 million in seed funds from investors. How will society blow all that money? We'll just have to wait for the update next year to find out.
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