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The Mid-Term of Coinbase started in 2016, when they began expanding their business scope to support more cryptocurrencies and more countries.
In July 2016, they started supporting Ethereum, which was the second-largest cryptocurrency at the time.
In May 2017, they started supporting Litecoin, which was the third-largest cryptocurrency at the time.
In December 2017, they started supporting Bitcoin Cash, a fork of Bitcoin.
In February 2019, they started supporting XRP, a digital currency for cross-border payments.
Coinbase's mid-term period also involved internationalization.
They began offering services in Canada in January 2016.
They started offering services in the UK in April 2016.
They began offering services in Australia in September 2016.
They started offering services in Singapore in March 2017.
Coinbase's mid-term period also involved diversification.
They launched Coinbase Commerce in August 2016, a service that allows merchants to accept cryptocurrency payments.
In March 2017, they launched the Coinbase Index Fund, a fund that allows investors to invest in all cryptocurrencies on the Coinbase platform.
In May 2018, they launched Coinbase Prime, a platform that provides professional trading and custody services for institutional investors.
In June 2018, they launched Coinbase Custody, a platform that provides secure cryptocurrency storage services for institutional investors.
In September 2018, they launched Coinbase Bundle, a service that allows users to purchase multiple cryptocurrencies at once.
Now (2020-present)
Coinbase's present began in 2020 when they started preparing for their listing, while also facing controversy and challenges.
In December 2020, they filed an application with the U.S. Securities and Exchange Commission (SEC) to go public through a direct listing.
In April 2021, they went public on the Nasdaq, becoming the first cryptocurrency exchange to be listed in U.S. history. Their market capitalization reached $100 billion at one point, surpassing many traditional financial institutions.
Coinbase's present also involves facing fierce competition. Their main competitors include Binance, Kraken, Gemini, Robinhood, PayPal, Square, and other cryptocurrency exchanges and service providers. They not only compete for users and market share but also for talent and innovation. They also have to deal with the volatility and risks of the cryptocurrency market, as well as scrutiny and intervention from regulatory agencies.
What does the future hold for Coinbase? This is a difficult question to answer because the development of cryptocurrency is full of uncertainty and change.
However, we can glean some clues from Coinbase's vision and goals. Coinbase's vision is to "create a fairer, more accessible, more transparent, and more efficient global financial system."
Coinbase's goal is to "become the mainstream entry point for cryptocurrency, making it easy for anyone to use cryptocurrency."
To achieve these visions and goals, Coinbase may continue to expand the scope and quality of their products and services, support more cryptocurrencies and countries, improve user experience and security, increase interaction and influence with partners and communities, and comply with and advocate for reasonable regulations and standards.
Conclusion
Coinbase CEO Brian Armstrong is a typical Silicon Valley entrepreneurial success story. He went from being a software engineer curious about digital currency to becoming a billionaire leading a company worth billions of dollars. His story has inspired many people and demonstrates the immense potential and influence of cryptocurrency.
Coinbase's history is a history of cryptocurrency and entrepreneurship. It shows how a startup can grow from a small idea into a global enterprise, facing various opportunities and challenges, constantly innovating and progressing, and making significant contributions to the development and popularization of cryptocurrency. Coinbase's history is not yet over; it is still being written, and we can look forward to its future. |
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Post time 19-2-2024 06:58:04