Coinbase To Disrupt Mainstream Brokerages, Dominates The Larger Investment Market
The past twelve months are a gold rush for cryptocurrency investors. Industry players are making millions of dollars. The demand for the use of digital currency continues to grow. Among those that benefit from this demand is Coinbase. Granted, the start of 2017 doesn’t seem to be good. But things suddenly change. As digital coins get more media coverage, a lot of people want to invest. Check out the best Bitcoin casinos at USSlotCasino.com.
Most noteworthy, this creates a spark in the industry. Many coin exchange platforms open. The leading among them, Coinbase, gets many clients. According to one source, Coinbase opens more than 100, 000 new accounts in 2017. As Americans celebrate Thanksgiving that culminates to Christmas. As the world starts a new year, Coinbase has a larger number of new accounts. This means it is able to beat traditional brokerages such as Schwab. Although things seem bright out there, the company is facing some challenges. It is recently when the rumor goes around that there are issues with governance.
That is the truth now. Because of the issues in the top management, there is poor customer service. In recent days, the company is suffering from outages. Because of endless outages, many clients are unable to get services. Sometimes, there are no services on the platform for long hours even the whole day. But the company does not want to spill out their problems. It is currently working on a strategy. If the strategy works, there are chances that other brokerages will suffer.
If you are wondering how possible that will be, here is the reason. Sometimes, big companies play smart games. Coinbase is trying the game. If it works in its favor, then other brokerages will be out soon. This crypto exchange company is hitting the milestone. In fact, it is already on the milestone. That means there are sufficient reasons to trust it. For now, it is the leading exchange platforms. What is more is that it is capitalizing on the ground where a majority of consumers are. The market at hand is the U.S. market.
The other boost comes in when Coinbase adds Bitcoin Cash to its support. Also, this is a very significant thing. The chances are that the company has plans of adding other crypto assets. On the latter, the company is saying that it is yet to decide on the matter. What is important is that the bitcoin hit is intensifying. As this happens, more and more people are willing to invest in digital currencies.
There is a likelihood that casinos that take bitcoin will pile up to Coinbase. Even if these casinos don’t, a new wave of consumers will flock to Coinbase. The sole reason is what the exchange platform is doing in the past. The company’s bold step in testing other crypto assets is another reason for trust. Clients are now able to trust Coinbase because the company takes actions on behalf of clients. Above all, this is a good strategy because now, consumers believe that everything on the site is pure and functional. As a result, other companies will have to trail.
