• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
NewsBTC Coinbase Growth
Nexo Logo

Coinbase Records over 100,000 New Users Since CME Announcement

Rick Delafont by Rick Delafont
5 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

On Tuesday just past, the CME Group announced plans to launch a futures market for Bitcoin. Since then, the largest Bitcoin exchange in the US has reported an influx of users. It’s widely believed that the expectation of greater institutional money entering the market is driving the high number of registrations Coinbase has experienced.

The company reported a massive 100,000 new customers within the last 24 hours. The data was compiled by Alistair Milne of Altana Digital Currency Fund. The chief investment officer Tweeted his findings on November 2nd.

According to the San Francisco-based crypto exchange, they now have 11.9 million users. Founded in 2012, Coinbase represents one of the easiest ways to buy various digital currencies. They currently support Bitcoin, Ether, and Litecoin.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The company have been in and out of favour with many within the space. Earlier this year, their GDAX platform was involved in the Ether “flash crash“. Last month, they were under inspection by the Commodity Futures Trading Commission with regards the anomaly. Many users have also complained about network outages during crucial moments for traders. In times of high volume, Coinbase servers would frequently overload and crash the service entirely. More recently, however, the exchange has won back some fans by eradicating the waiting period for certain customers wishing to buy into a digital currency. Previously funds would be locked for several days whilst fiat funds moved. This had been the chagrin of many users.

It’s not just the number of new users registering for Coinbase accounts that’s gone parabolic since the announcement. The cost of a single Bitcoin rose dramatically from around $6,150 at the start of Tuesday, to over $7,300 at the time of writing. Many are anticipating the futures market to continue to drive the price following its launch too. The rationale behind such opinion is that many institutional investors who are unable to get exposure to the cryptocurrency at present will flood in sending the price to the proverbial “moon”.

Image: ShutterStock
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: bitcoinbitcoin coinbasebitcoin futuresBitcoin NewsCMECME Groupcoinbasenew users
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Related Posts

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

9 hours ago
Despite Bear Market Uniswap Gains Significant Traction, What's Reality?

Despite Bear Market Uniswap Gains Significant Traction, What’s The Reality?

11 hours ago
What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

14 hours ago
Bitcoin Bull

Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

1 day ago
Optimism

Optimism Price Bloats 25% – OP Seen Ballooning In Coming Days

2 days ago
Shiba Inu

Shiba Inu Displays Surprising Price Movement – Can SHIB Ditch The Flatline?

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Mehracki (MKI) And Solana (SOL) – What Are The Similarities Between These Tokens?

August 7, 2022

Drive into metaverse: Alibaba and SAIC-backed EV brand IM Motors opens IM Valley to further embrace blockchain tech

August 7, 2022

Gnox (GNOX), Maker (MKR) And Lido DAO (LDO) Show How A Strong Staking Concept Is Mega Bullish

August 7, 2022

DeFi Summer: Uniglo (GLO), Curve DAO (CURVE) and Waves (WAVES) Are Your Best Bet To Accumulate Wealth

August 7, 2022

Gucci Is The First Business To Accept ApeCoin (APE). Is Robo Ape (RBA) Next In Line?

August 6, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.