ANY DOUBTERS? Shouldn’t be. The CME Group announces futures on bitcoin last week and immediately Coinbase (bitcoin exchange) picks up 100,000 new users……IN ONE DAY. This shows the MASSIVE demand for bitcoin (or, cryptos overall) when credibility is introduced. Consider, the ancillary products still to be introduced (ETFs, mutual funds, tokens, etc.) with regulatory blessings and…….OMG. Try introducing a new sector ETF and see what happens…..yawn x3!
The eye-popping surge in bitcoin this week is paying dividends for one of the biggest U.S. online cryptocurrency exchanges.
Coinbase Inc. added more than 100,000 users in the last 24 hours in the wake of the CME Group Inc.’s announcement Tuesday that it plans to introduce bitcoin futures by the end of the year. That’s according to data collected by Alistair Milne, a portfolio manager at the Altana Digital Currency Fund.
The number of users of the online wallet function offered by Coinbase has more than doubled since the beginning of the year, according to stats on the company’s website…
Full Story at thewealthadvisor.com