• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
Crowdsourcing Solutions and Micropayments
Advertisement

Coinbase Adds 100k New Users in Just 24 Hours as Bitcoin Prices Continue to Climb

Julio Gil-Pulgar by Julio Gil-Pulgar
5 years ago
in News, Altcoins, Bitcoin, Bitcoin Exchange, News teaser
0
Advertisement
Advertisement

Interest in Bitcoin is intensifying. People wishing to purchase Bitcoin and other cryptocurrencies are flocking to digital currency exchanges, such as Coinbase. In effect, on November 2, 2017, as Bitcoin hit all-time highs for the third week in a row, Coinbase added more than 100,000 customers in just a 24-hour period.


Many Are Now Jumping on the Bitcoin Bandwagon

The number of people wishing to participate in the cryptocurrency ecosystem is increasing exponentially. For example, data collected by Alistair Milne shows the extraordinary growth of Coinbase’s customer base.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Coinbase, the online cryptocurrency exchange, now has more than 11.9 million customers, in 32 countries. The amount of digital currency Coinbase has exchanged has reached $40 billion USD, according to the company’s website.

Coinbase added 100,000 users in the past 24hrs
Data: https://t.co/R9B63J2d6Q#bitcoin

— Alistair Milne (@alistairmilne) November 2, 2017

Based in San Francisco, California, Coinbase allows customers to instantly purchase Bitcoin, Ethereum, and Litecoin using a US bank account.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Launching of Bitcoin Futures Contracts

Launching of Bitcoin Futures Contracts

Bitcoin’s value continues to increase dramatically. As of this writing, Bitcoin’s price has surpassed $7,300 USD. Thus, the cryptocurrency is poised for its fifth consecutive quarter of impressive growth in value.

Financial experts suggest various reasons to explain Bitcoin’s recent increase in value. For example, many experts attribute the latest spike to the CME Group’s announcement that it plans to launch Bitcoin futures contracts in the fourth quarter of this year, contingent upon regulatory approval. This announcement has aroused investors’ interest. The CME Group is one of the largest derivative marketplaces.

Other experts propose that the Bitcoin’s recent price spike is due to the upcoming Segwit2x blockchain hard-fork. Blockchain is the technology behind Bitcoin. On November 16, 2017, blockchain is scheduled to undergo a hard-fork, or split, known as Segwit2x. Consequently, there will be two Bitcoin blockchains and two types of coins: Bitcoin and Bitcoin2x.

The Segwit2x hard-fork might significantly benefit those holding Bitcoin because they will receive an equal amount of Bitcoin2x for each bitcoin they possess.

Specifically, as detailed by Coinbase, “Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required – we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.”

But even before the CME Group’s Bitcoin futures announcement and the Segwit2x hard-fork, Bitcoin’s adoption rate had been increasing. As we can see by the striking number of new Coinbase customers now subscribing in a single day, this trend seems likely to strengthen.

Do you think Bitcoin’s adoption rate is just scratching the surface? Let us know in the comments below.


Images courtesy of Pixabay and Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Julio Gil-Pulgar

Julio Gil-Pulgar

Julio has worked for Fortune 100 companies and the United Nations. He has led projects involving IT, operational, and compliance audits, in the U.S. and throughout the world. His expertise is in cryptocurrencies, IT engineering, risk management, and security. Julio is also a tango dance enthusiast.

Related Posts

Bitcoin (BTC)

‘Nobody will Get Rich Investing In Bitcoin Ever Again,’ Crypto Analyst Sparks Debate

5 hours ago
Bitcoin Price Reclaims $28,000 As Core PCE Comes Cooler Than Expected

Bitcoin Price Reclaims $28,000 As Core PCE Comes Cooler Than Expected

8 hours ago
Bitcoin BTC mining energy

Will Greenpeace Change Its Mind On Bitcoin Now? New Report

14 hours ago
Bitcoin

Research Firm Breaks Down Impact Of MicroStrategy Purchases On Bitcoin Price

1 day ago
Bitcoin

Bitcoin Open Interest Shoots Up With Price Rise, Long Squeeze Brewing?

1 day ago
Bitcoin

Bitcoin: Why This Is The Best Time To Buy The Crypto, According To R. Kiyosaki

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Trending Projects

  • 5 Best Upcoming ICO List of March 2023

    1 week ago
  • Crypto Investment for Long term: 3 Coins to keep your eye...

    1 week ago
  • Cryptocurrency to invest in March 2023

    1 week ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • XRP whales are preparing for a big rally. Here is a new...

    33 mins ago
  • European Crypto Market Surge – Big Eyes On A Bull Run...

    3 hours ago
  • Bitcoin is Top Crypto, Ethereum Best Altcoin, Introducing...

    4 hours ago
  • With banks closing Left-Right and Center, Bitcoin...

    10 hours ago
  • Solana (SOL) or Aptos (APT)? TMS Network (TMSN) will return...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. 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.