The market price of cryptocurrency Coinbase increased from 1,6 to 8 bln.US dollars. This rate in a matter of one year.
At the moment the cost of Coinbase is rated in 8 billion US dollars. The reason of it is the increase in cost of bitcoin and other cryptocurrencies. At the end of the previous year the digital currencies grew in price significantly. Investors could personally observe the growth of their investments. One of the most famous cryptocurrency exchanges in the world is rated not in 1,6 bln (the figure of the previous year), but in 8 bln already. Just for comparison: the largest and oldest crypto exchange Nasdaq is rated in 15 bln. US dollars. Coinbase is still new market participant, but its results really impress. But experts of cryptomarket do not jump to conclusions. It is necessary to take into consideration that cryptocurrency market is not brought under regulation. It does not have well-defined legal structure for crypto exchanges activity.
Coinbase, located in San Francisco, is going on to grow at an accelerating pace. In April the exchange announced about its plans to create a new venture fund Coinbase Ventures for financing innovative startups connected with cryptocurrencies.