Coinbase Has Increased Its User Base By 5 Million In Six Months

The user base of the largest US crypto marketplace Coinbase has surpassed 35 million.

Where is this coming from?

The information appeared on the official page of Coinbase on Twitter. This data was obtained by the site staff during the preparation of the semi-annual report for institutional investors.

Data for six months

As a matter of fact, the site had only 30 million users seven months ago. That is, the company managed to increase the number of clients by 5 million people in six months.

2020 is an important year

Representatives of the company said that it was in 2020 that institutionalists became massively interested in the site.

“We saw notable growth in our institutional business in the first half of the year and continued to add top university funds, traditional hedge funds, venture capital firms, and large family offices to our list of direct digital asset buyers.”

Coinbase intends to further expand its range of services for institutional investors. For example, trading through several pools of liquidity will soon be available on the site.