Coinbase exchange reports user growth ‘fastest since 2017’

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Coinbase is gaining new users at a rate not seen since mid-2017, according to data published by Bitcoin evangelist Alistair Milne.

Milne says the world’s leading Cryptocurrency exchange is signing up 25,000 users a day and has added five million users in the past six months.

Coinbase User Growth
A graph showing Coinbase users v time. Source: Alistair Milne

Coinbase now has a total 25 million account holders, with some noting that it’s now impossible for every one of them to own one Bitcoin.

The new data follows Micky’s exclusive report on how Australian cryptocurrencies were attempting to be listed on the rapidly expanding Coinbase platform.

Those cryptocurrencies include Horizon State, Chronobank and CanYa.

Coinbase User Growth
A graph showing Bitcoin Created v Bitcoin Users. Source: @ChartsBTC

The Coinbase CEO, Brian Armstrong, recently released a blog post outlining a number of major achievements in Q3 of 2018.

Cryptocurrency bull Mike Novogratz recently described Coinbase as the “poster child of the crypto space,” and in an interview with CNBC, predicted major institutional money in Bitcoin by next year.

“You’re going to see pensions and endowments come in, or I will literally come back next year, and wear no shoes,” Novogratz said.