The crypto exchange brings new members
The company Coinbase is planning on recruiting new members to the organization. Coinbase is currently the biggest crypto exchange in the U.S., which makes most individuals prefer to use the companies services.
Coinbase has also recently opened up an office in New York City, as the company is interested in presenting individuals with the option of buying cryptocurrencies. Coinbase is focused on attracting new institutional investors to the Blockchain industry, as a lot of institutions want to try the technology out.
The company currently has six different offices and approximately 700 employees. The new office in New York provides Coinbase with an index fund that gives institutional investors the ability to invest in cryptocurrencies like Monero, Bitcoin, Ethereum, Ethereum classic, Litecoin, and Bitcoin cash.
There is a minimum amount which customers can currently invest, that currently stands at $250,000. The new office is located just a few hundred meters away from Wall Street and currently has 20 employees.
Many of the member staffs are recruited from traditional financial organizations directly, such as the New York Stock exchange, with plans on expanding even further in the coming years. In a report from Oracle times, Coinbase reported that the company has plans to recruit more than 150 financial institutions of professionals in order to work at the office that is located in New York. This also suggests that the interest and investments in crypto assets are growing.
The general manager of the Coinbase Institution, Adam White said in a statement that:
“When we saw the market begin to correct, which we all expected, institutions didn’t lose interest. However, things worked out the exact opposite way.”
The markets can sometimes get into a turmoil
The Bitcoin price has lost its all-time high of about $20,090, however, individuals or investors that start getting cryptocurrencies now will be expecting a 400% return on investments when it comes to fiat currencies. This makes a lot of professional financial investors and business organizations, enthusiastic about the potentials of the Blockchain technology. The Coinbase company is heavily invested in the technology in order to provide institutional investors with good advice.
This brings Coinbase to expect a quadrupled effect on investments, as more cryptocurrencies come into the companies list of digital assets. The Tigger Global U.K hedge fund is mainly investing in many global consumer brands, and it has been reported that the company is now about to invest more than $500 Million in Coinbase. According to analysis, this can push the platform to become valued to about $8 billion. The invest can make Coinbase one of the highest valued U.S. cryptocurrency startups.
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