Coinbase Says It Was Signing Up 50,000 Users a Day

Coinbase Chief Executive Officer and co-founder Brian Armstrong talks about the outlook for cryptocurrencies.(Source: Bloomberg)

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By Olga Kharif

August 14, 2018 at 10:38 PM UTC

Updated on

August 15, 2018 at 4:05 AM UTC

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Coinbase Inc., one of the world’s largest cryptocurrency exchanges, was signing up 50,000 new customers a day last year, Chief Executive Officer Brian Armstrong said at the Bloomberg Players Technology Summit in San Francisco.

While plenty of speculators have been attracted to cryptocurrencies, particularly during the price run-up last year, many haven’t made money. Bitcoin’s price of about $6,120 price is now almost 70 percent off its December high, and most other coins are in steep decline as well.