Bitcoin Forum

Coinbase Uses Crypto Winter to Expand – Acquires Decentralized Wallet Startup

https://news.bitcoin.com/coinbase-uses-crypto-winter-to-expand-acquires-decentralized-wallet-startup/

Crypto winter? What crypto winter! The exchange arguably most responsible for onboarding bitcoin investors, Coinbase, has not allowed sour price levels to keep them complacent, conservative. Instead, they’ve maintained a breakneck pace, forming a venture capital fund, hiring top executive talent, and now they’re gobbling up competitors such as Cipher Browser.

Depressed prices force weak hands out, and ill-prepared businesses begin the sorrowful process of inevitable decline, issuing layoffs and regimes of belt tightening. Such is not the case for San Francisco-based cryptocurrency exchange Coinbase. The billion-plus in revenues, and climbing, company continues to expand its position. Business press has quoted its executive team as patterning itself after Google, including the possibility of going public, and acquiring competitors. 

How you look at it?

There are new exchanges lunching every month so Coinbase is getting more and more competition. So they need to come up with new features and innovative ideas to keep it's share of the market. The new Coinbase Ventures is a project that will definitely enrich their offer and they will not be so depended on unpredictable crypto market and ever changing daily volume which is crucial for their profits.