Coinbase announced this week that its user base had crossed the 650,000 mark.
It appears the young company is on a roll, as it lately managed to safe $ 25m in a round of funding led by Andreessen Horowitz.
Coinbase has grown much more than 20-fold more than the past nine months. The service started back in 2013 with just 30,000 accounts but by August it had gained over 200,000.
The number of Coinbase transactions is increasing even more rapidly – up far more than twenty-fold given that January.
User demographics
The firm also shared some interesting information on its demographics. The vast majority of Coinbase users are aged 25 to 34.
They account for 49.7% of all Coinbase customers, although the 35- to 44-year-olds rank second with a 16.9% share. Meanwhile, the 18 to 24 age variety is going powerful with a 15.eight% share.
Older age groups are in single-digit territory, with 17.6% of all Coinbase customers getting more than the age of 45.
The vast majority of Coinbase customers are male. As of November, only 12.5% are women, even though 87.five% are men. Nonetheless, the scenario is enhancing, as women accounted for only 5.eight% back in October.
Future expansion
Following Andreessen Horowitz’s announcement last week, Coinbase said it would use the funding to solidify its position as the fastest-increasing bitcoin service in the US.
It will also expand its referral programme and continue to promote the mainstream adoption of bitcoin.
Coinbase is averaging about 10,000 new user sign-ups per day, so at this price it could hit the 1 million user mark by February. Nonetheless, with the vacation season setting in, the firm’s next milestone might roll over into March.
Want to discover out much more about Coinbase? Watch a recent interview with Brian Armstrong, Coinbase’s cofounder, by Kevin Rose below:
View Coinbase Passes 650,000 Users in Less Than a Year on CoinDesk.
Coinbase Passes 650,000 Users in Less Than a Year
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