This is a very important number considering that we are in a bear market since the beginning of the year.
Even though the market has been facing bubbles and corrections since its inception, there were 50,000 new users who signed up for Coinbase last year; this is according to Brian Armstrong, the exchange’s Chief Executive Officer. In his discussion during a San Francisco technology summit, Armstrong has said that at the present time only about 10% of cryptocurrency are used in commerce. This is because it will take time for brick-and-mortar stores and online payment systems to fully adjust to this technology as a way of doing business.
Coinbase, a US based cryptocurrency exchange, has mediated trades worth $150 billion in the preceding year. And the company is still maintaining its growth.