Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: ZionRTZ on January 08, 2019, 11:21:59 AM
-
(https://i.imgur.com/UqkmBTz.png)
WE LAUNCHED:
In Q4, we launched everything from new products to requested features to integrations that scale our ability to serve customers. Together with the assets, rails, and geographies we’re adding, we’re building the infrastructure to continue our role as the bridge from fiat to crypto for people all around the world:
- Consumer crypto-to-crypto trading: Giving customers the ability to trade crypto pairs directly on our platform.
- News on Consumer: Showcasing relevant news to help our customers learn about the crypto space.
- Watchlist: Simplifying the customer experience by allowing them to personalize their Coinbase dashboard and take in information at-a-glance.
- Address book and whitelisting for Pro: Streamlining customers’ ability to safely send crypto, and more easily add bank accounts.
- PayPal integration: Giving US customers the opportunity to make fast, free withdrawals to PayPal accounts.
- USDC: A digital, programmable dollar, launched in partnership with Circle.
- Coinbase Earn: Creating opportunity for more people to understand and use crypto by learning about it and earning it.
WE ACHIEVED:
There is so much work that goes on at Coinbase that enables us to launch features, products, and add assets, all while ensuring we live up to our reputation as most trusted and easiest to use. The following are just a few examples of this kind of work from Q4:
- We put security first — we successfully completed an on-blockchain migration of approximately $5 Billion (as valued the week ending Dec. 7, 2018) of cryptocurrency from Generation Three to Generation Four of our cold storage infrastructure.
- We established Coinbase Custody as a limited purpose trust company under New York State Banking Law to operate as an independent Qualified Custodian, allowing us to compliantly store more assets and potentially add new features like staking.
WE RAISED
We raised $300M+ from a set of world-class investors. This Series E round is a testament to the work you have been doing over the last year (and longer) to establish Coinbase as a company with great potential to create an open financial system.
WE INVESTED:
Our investments represent our commitment to advancing the ecosystem toward the utility phase of crypto, and fueling projects that get us closer to an open financial system. This quarter, we invested in another round of organizations, including:
- Spacemesh
- Abacus
- Nomics
- Risk Labs (UMA)
- Starkware
- Realtybits
- Alchemy
- Terminal
- Flipside Crypto
- Relevant
- Securitize
- Staked.us
- Gauntlet
WE ADDED:
Our goal is to maintain the trusted experience our customers have come to expect while adding the assets our customers have come to demand. This quarter, we added more assets than in our entire prior history as a company, and expanded our services to more people in different countries.
- USDC
- ZCash
- Ethereum Tokens: BAT, CVC, DAI, DNT, GNT, LOOM, MANA, MKR, ZIL, ZRX
- Custody now supports ~79% of crypto assets by market cap
…And Coinbase is now available in the following additional regions:
- Andorra
- Gibraltar
- Guernsey
- Iceland
- Isle of Man
- Lithuania
SO IN CONCLUSION…
I continue to be so impressed by the ability of this team to execute on aggressive timelines, all while solving problems that have never been solved before. This was a year of scaling Coinbase up to meet the demand of the market and efficiently executing to serve our customers.
We asked a lot of everyone on the team. I’m proud of how we rose to the occasion to meet the challenges and opportunities before us this year. I hope everyone has a wonderful holiday with family and friends. Can’t wait to do it all again in 2019.
SOURCE: https://blog.coinbase.com/what-we-accomplished-at-coinbase-in-q4-2018-b98082e72abc