Coinbase Reports $433M Profit Thanks to Stablecoin Growth – Best Wallet Token...
Quick Facts: 1️⃣ Coinbase’s Q3 net income hits $433M with $1.8B in revenue. 2️⃣ Stablecoin income climbed to $355M, with a record average $USDC balances across products reaching $15B. 3️⃣ Coinbase continues to grow thanks to its $2.9B Deribit acquisition and multiple bank partnerships. 4️⃣ $BEST stands out as a token fueling a retail-ready economy. […]
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San Francisco-based bitcoin wallet provider Coinbase has revealed that it officially passed 1 million wallet downloads on 27th February, a major milestone in the lifecycle of the less than two-year-old company. Founded in June 2012, Coinbase is the second most downloaded consumer bitcoin wallet behind rival Blockchain, which passed its 1 million wallet mark in January. But, that doesn't make Coinbase's numbers any less impressive. At the beginning of 2013, Coinbase had facilitated just 13,000 wallet downloads, meaning it saw more than 7,000% growth over the course of 2013. Further, the....
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% in 6 Months The blockchain company has reached a milestone this week as the firm’s dollar-pegged token USDT has surpassed a $50 billion market capitalization. Back in November 2020,....
Wallet software provider Blockchain has opened its three millionth bitcoin wallet, having doubled downloads in less than a year. The company has seen continued demand since bitcoin's 2013 price spike, passing the 1.5 million milestone in April. Rival Coinbase currently lists 2.5 million wallets in the wild. Speaking to CoinDesk, CEO Peter Smith could not confirm how many of Blockchain's wallet accounts are active (ie contain funds) for privacy reasons. However, he pointed to record-breaking transaction volume as a sign of bitcoin's user growth.
It looks like the stablecoin space is heating up! Justin Sun’s $USDD just landed on the Ethereum network, and it’s not just a casual visit. It’s a strategic move to challenge Tether, the reigning champ of the $2.5T stablecoin market. Read on for how the news affects Best Wallet and its native Best Wallet Token […]
Connect your crypto wallet to the Coinbase marketplace, and have ETH in your wallet to bid, buy and sell NFTs on Coinbase. Not only is the number of nonfungible token (NFT) collections growing at a phenomenal rate, but so are the NFT marketplaces. Previously, NFT marketplaces were mainly decentralized applications (dApps) on various blockchains, but nowadays, crypto exchanges are also seeing the benefits of having their own NFT marketplace. This includes Coinbase, the exchange with the most users worldwide, which, of course, cannot lag behind the competition.Related: What are DApps?....