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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.

#Bitcoin

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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#Ripple Price Analysis

XRP price analysis and market updates

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XRP has overtaken ETH again by becoming the number 1 altcoin according to market capitalization. Crypto analysts believe that XRP can outrage bitcoin too.

XRP has overtaken ETH again by becoming the number 1 altcoin according to market capitalization. Crypto analysts believe that XRP can soon outrage bitcoin too and take the spot of the number 1 cryptocurrency while bitcoin is still more than 52% dominant. XRP had a downfall last Wednesday when XRP price fell to $0.43, but in the last 24 hours, XRP experienced a good bullish momentum with a 12% rise trading above $0.51. XRP is currently trading at $0.519 (at the time of writing this article).

 

XRPUSD 5 day chart

XRPUSD 5 day chart

 

One of the major reasons for the rise of XRP is the approval of cryptocurrency ETF by the Switzerland authorities and also the adoption of RippleNet by more and more financial institutions worldwide. Many other altcoins apart from XRP also experienced a bullish momentum in the last 24 hours. XRP is on the top of the list for gainers while Stellar and Monero are on the 2nd and 3rd position. The price of bitcoin showed little improvements by remaining above $5600 mark.

Many financial analysts predict a bearish future for cryptocurrencies in 2019, while many other cryptocurrency enthusiasts believe that the following predictions are just to create a feeling of fear amongst the cryptocurrency investors. What do you fell about the same? Tell us in the comments section below.

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#Ethereum Price Analysis

Ethereum Price Analysis: Can ETH cross 200?

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Ethereum price is likely getting ready for an all-encompassing remedy above $179. Upsides will in all probability confront sellers close $194.

MACD – Set in the bullish zone.

Relative Strength Index – Moving higher towards the 50 level.

Support Level – $165

Resistance Level – $194

 

Key Points

  • ETH price is shaping a not too bad support over the $165 level against the US Dollar.
  • There is a noteworthy bearish pattern line set up with resistance at $193 on the 4-hours diagram of ETH/USD.
  • The pair may gradually rectify higher towards the $188, $192 and $194 resistance levels.

Ethereum price could exchange higher towards the $192-194 resistance zone in the close term.

 

Ethereum Price Analysis

This previous week, we saw a noteworthy decay from the $223 swing high in ETH price against the US Dollar. The ETH/USD pair fell underneath the $212, $200, $196 and $180 support levels. Ethereum price exchanged near the $165 level and framed a month to month low. Afterward, Ethereum price began a transient recuperation and moved over the $170 resistance. In any case, Ethereum price attempted to break the $178-179 resistance. It speaks to the 23.6% Lie retracement dimension of the last drop from the $223 high to $165 low.

It appears as though Ethereum price may combine in the here and now over the $165 level. Afterward, it could outperform the $178-179 resistance to expand the recuperation. Be that as it may, there is a noteworthy resistance looking out for the upside, close to the $192-194 zone. Besides, there is a noteworthy bearish pattern line set up with resistance at $193 on the 4-hours diagram of ETH/USD. The pattern line concurs with the half Lie retracement dimension of the last drop from the $223 high to $165 low. Additionally, the 100 straightforward moving normal on a similar outline is likewise close $194-195.

 

ETHUSD 5 day chart

ETHUSD 5 day chart

 

The above diagram shows that the Ethereum price is likely getting ready for an all-encompassing remedy above $179. Be that as it may, upsides will in all probability confront sellers close $194. At last, the price could decay indeed towards $170 and $165.

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