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Coinbase exchange at the heart of the bitcoin frenzy

The number of people with Coinbase accounts has gone from 5.5 million in January to 13.3 million at the end of November

Nathaniel Popper | NYT  |  San Francisco 

The booming stock market of the 1920s had the New York Stock Exchange. The tech bubble of the 1990s had Nasdaq and E-Trade. And the virtual currency market of the last year has had Coinbase. Coinbase has been at the centre of the speculative frenzy driving up the value of Bitcoin — which topped $13,000 on Wednesday — and similar currencies. While there are many Bitcoin exchanges around the world, Coinbase has been the dominant place that ordinary Americans go to buy and sell virtual currency. No company had made it simpler to sign up, link a bank account or debit card, ...

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First Published: Fri, December 08 2017. 03:08 IST
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