Coinbase confirmed that it has welcomed over 100,000 new users in the last day alone! More than likely, this strong increase in new users is due to the announcement of the CME groep. Before the end of 2017, the CME group will add Bitcoin ‘future markets’ to their list of products.
“Given increasing client interest in the evolving cryptocurrency markets, we have decided to introduce a bitcoin futures contract. As the world’s largest regulated FX marketplace, CME Group is the natural home for this new vehicle that will provide investors with transparency, price discovery and risk transfer capabilities.” – Terry Duffy, CME CEO & Chairman
Bitcoin once again has a phenomenal year in 2017. At the beginning of 2017, 1 Bitcoin had a value of approximately 1,000$. Today you pay more than 7,000$ for 1 Bitcoin! An increase of 700% since the beginning of this year. The Cryptocurrency exchange ban in China in early September was merely a bump in the road. It resulted in a slight temporary decline in prices, but no more than that. With the latest rumors that the new government of China will lift the ban, the rise in prices will most likely continue in the coming weeks and months!
As Coinbase is still the easiest and cheapest way to exchange euros or dollars in Bitcoin, the new users will undoubtedly keep coming. In mid-May, there were a total of 7.4 million Coinbase users while coinbase knows about 12 million users now! An other reason that the price has risen to a record height of more than $ 7,400 for a single Bitcoin.
Once you have purchased Bitcoin, you are responsible for keeping them safe. The best method is still a hardware wallet!