A rare cryptocurrency firm that is fully compliant with government regulations and has top-notch security, Coinbase operates both a professional trading platform, Global Digital Asset Exchange, and a retail operation that maintains cryptocurrency wallets for 4.7 million customers from 33 countries.
Coinbase is changing up its user experience. Unveiled late last month, the updated dashboard helps bridge the two main parts of Coinbase's business – a bitcoin storage tool and exchange. Coinbase launched the new user experience today, a move that takes it out of an early beta trial.
According to Coinbase co-founder Fred Ehrsam, the technology behind Bitcoin could create decentralized businesses unlike anything we’ve seen before
People are using the bitcoin digital currency more than ever before. That’s good news for this decidedly democratic money system, a system controlled not by big governments and big banks and big credit card companies but by a vast network of computers set up by users around the world.
“They’re making an iterative step,” Armstrong says of Wall Street. “They’ll do a few experiments. Maybe it’ll be a year or two. And they’ll realize that the blockchain is great, but that the biggest use of the blockchain is bitcoin. I still believe, 100 percent, that bitcoin is the future.”
Coinbase was specifically chosen by the exchange because of its commitments to transparency, security and regulatory compliance in the Bitcoin market.
Coinbase has added Singapore to the list of countries where you can buy and sell bitcoin using their platform. This is Coinbase’s first foray into Asia and it will allow users with Singapore Dollars to buy bitcoin.