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How big is Coinbase? Complete analysis – team, business, founders, and offices.

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How big is coinbase

Decoding the underlying principles of Coinbase for its immense success in the field.

  • Opening remarks

Cryptocurrency exchanges provide the users with a common place for the exchange of cryptocurrencies with each other or any other with any other Fiat currencies. In the recent years, the number of cryptocurrency exchanges have burgeoned and hence made it even more difficult for the users by making a choice. Nevertheless, the choice of a cryptocurrency exchange for a particular user depends solely on his requirements and geographical location. We even have witnessed some incompetent exchanges which have been taken down automatically due to the revenue losses that it had incurred. On the other hand, there are a few promising and reliable exchanges where one can blindly store their cryptocurrency assets.

 

  • Coinbase

Coinbase was founded by Brian Armstrong and Fred Ehrsam in June 2012. The non-governmental firm has stood the test of time effectively as it is witnessed to be one of the best cryptocurrencies in the world. The exchange mainly operates in Asia which is one of the biggest economies of the world. Let’s dive into the details which made the cryptocurrency exchange this popular and reliable.

Situated in the city of San Francisco, California the exchange controls its functioning in over 32 different countries around the world. Blockchain.info co-founder Ben Reeves also was originally a part of the team members of Coinbase but parted his ways due to the difference in opinion regarding the Coinbase Crypto wallet. The Crypto exchange offers one stop shop solution for all the Crypto requirements. The company was launched only with an initial service of buying and selling Bitcoins through their bank accounts.

 

  • Team members

The success of any project highly depends on the effectiveness and consistency of the team members. The team members at Coinbase are labelled to outperform their competitors since its inception. Some of the key members of the organization are.

 

  1. Brian Armstrong (CEO & Co-Founder)
  2. Asiff S Hirji (President & COO)
  3. Alesia Jeanne Haas (CFO)
  4. Balaji S Srinivasan (CTO)

 

The cryptocurrency exchange has managed to raise almost $225.3M in a series of 8 investments.

 

  • Business model

The cryptocurrency exchange Levies 1% transaction fees on all the transaction. Also, a $0.15 charge is added for all the bank transfers. This model helps them in gaining huge amounts of profits apart from the additional investments that they gain. The interactive user interface that the exchange provides,  is an icing on the cake since most of the cryptocurrency enthusiast can’t decipher the complex price charts. The plans for the exchange was initiated way back in 2011 itself, which give it the first movers advantage in the industry. Coinbase has the most satisfied customers due to its high-security compliances. They are well known to safeguard the interests of their customers.

Founders


1. Brian Armstrong

Having been worked at companies like IBM, Deloitte, Touche, and Airbnb, Armstrong has always taken the initiative in developing smart solutions in the industries along with the stock market. He was born in 1983 in San Jose, California and during his school days was accepting small offers to develop websites in his school neighbourhood. In the year 2003, he co-founded UniversityTutor.com which was a platform used by the tutors and students to find each other based on various factors.  It helped them in deciding on a common meeting place with great convenience. He stayed as the CEO of this startup until 2012. In 2011, he had started to work with Airbnb and left it just after a year to initiate Coinbase.

2. Fred Ehrsam

Obtained his degree in Computer Science from the Duke University, he had earlier been working for Goldman Sachs as a trader in the securities division. He has also imparted his service as Portfolio Analytics at BlackRock.

3. Offices

In order to provide an effective customer service throughout the world, its offices are highly equipped with the latest technology and ambience. There are offices at four different locations.

 

  1. San Francisco (Headquarters) the United States
  2. Chicago, United States

  3. New York, United States

  4. London, United Kingdom

  • Closing remarks

According to reports from glassdoor.com, Coinbase doesn’t provide a comfortable environment for its customers. Some workers even complain that they were suppressed if they disagree with some decisions. Precisely as most of the experienced experts have left the organization. But the organization still manages to be at the topmost positions in the crypto space.

Altcoins

Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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