As more individuals utilize Bitcoin (BTC), and other cryptocurrencies, Coinbase (NASDAQ: COIN) has recorded increased user growth in recent years. Although the crypto sector is now in a bear market, which may be affecting investor interest in digital asset trading more generally, Coinbase’s user base seems to be unaffected by prolonged down markets.
In particular, data acquired and calculated by Finbold indicates that Coinbase has added 19 million verified users globally between 2022 Q1 and 2022 Q3, representing a growth of about 21.35%. The figure translates to adding at least two million verified users monthly in 2022.
(By Justinas Baltrusaitis)
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