Coinbase is now focused on two, separate businesses:
To better highlight the difference between these two products:
· Coinbase is a place for consumers to easily buy, sell, and store digital currency.
· GDAX (formerly Coinbase Exchange) is an exchange for professionals to trade digital assets.
Coinbase offers the GDAX exchange. It offers institutions and professionals the ability to trade a variety of digital currencies like Bitcoin, Ethereum, and more on a regulated U.S. based exchange.
Hypergrowth has caused Coinbase to see an 8 X increase in customers, trading volume and sales.
Coinbase would like to improve the product so this is a milestone on their roadmap.
The IRS asked Coinbase for records of all customers but they got that number down to 97%.
Coinbase are working with IRS to develop clear processes on how customers can pay their taxes legally
They launched a new app by the name of Toshi that is trying to mimic WeChat and Mpesa (Kenya).
Toshi is like a browser for Ethereum network. They want to make it easy for developers make applications and for customers to use them.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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