Coin Base 8 billion dollar valuation

[bitcoinzen]

Coinbase announced this morning that they have completed a Series E fundraise of 300 million, leaving them with an 8 billion dollars evaluation. This is due in large part to their projected revenue for 2018 of 1.3 billion USD.

Along with Coinbase’s fundraiser, we have seen large amounts of capital flow into the construction of institutional grade platforms such as Bakkt, ErisX, and the acquisition process of multiple crypto exchanges around the world.

[avikz]

I will not comment on the coinbase valuation, rather I would want to focus on the 2nd paragraph.

Along with Coinbase’s fundraiser, we have seen large amounts of capital flow into the construction of institutional grade platforms such as Bakkt, ErisX, and the acquisition process of multiple crypto exchanges around the world.

This prominently shows the growing interest of institiutional investors into the cryptospace! While it's mostly encouraging because of potential big money inflow and standardized operating procedure across the industry. Also it will make the crypto lobby more stronger which can turn the tide in our favor.

However, it goes without saying that such kind of institiutional investment comes with certain risk factors. They are mainly whales who can and who will try to change the market dynamics at their favor.

[SamReomo]

Coinbase announced this morning that they have completed a Series E fundraise of 300 million, leaving them with an 8 billion dollars evaluation. This is due in large part to their projected revenue for 2018 of 1.3 billion USD.

That's amazing, people are still interested in cryptos and particularly Bitcoin as they are funding the crypto trading platforms like Coinbase. They are doing their services in very professional styles, and that's why even despite of huge price downs in crypto-world during this whole year, they still successfully achieved such huge profits. That's astonishingly amazing and extraordinary.

Along with Coinbase’s fundraiser, we have seen large amounts of capital flow into the construction of institutional grade platforms such as Bakkt, ErisX, and the acquisition process of multiple crypto exchanges around the world.

It's quite clear that they have raised huge amount of funds for their platform by putting great efforts. And without any doubt, the concept of "Bakkt" is like a dream came true. Now with this new digital asset platform people will be able to use Bitcoin and cryptos with ease.

They have surely done their best to achieve such unimaginable peaks, and it's really amusing for us crypto users. When any crypto exchange or platform raises to higher levels like Coinbase did, then that kind of raise impacts all of the crypto-world positively.

[Slow death]

Coinbase announced this morning that they have completed a Series E fundraise of 300 million, leaving them with an 8 billion dollars evaluation.

They have a very competent company, that complies with the laws, their owners are not anonymous and they render good service, so this is the result of their good work. I hope other exchanges follow the example of coinbase

This is due in large part to their projected revenue for 2018 of 1.3 billion USD.

I saw that word: " projected  ", will they achieve this projection?

we have seen large amounts of capital flow into the construction of institutional grade platforms such as Bakkt, ErisX, and the acquisition process of multiple crypto exchanges around the world.

They are still projects that are in theory awaiting licensing, at least that's what I read, so the market is not reacting positively because they are not yet concrete things

Unconfirmed: US Regulators Could Approve Bakkt BTC Futures Launch in First Week of November

US Brokerage Firm TD Ameritrade to Invest in New Crypto Exchange

[1Referee]

When any crypto exchange or platform raises to higher levels like Coinbase did, then that kind of raise impacts all of the crypto-world positively.

As always, the larger businesses grow, the less they start to care about their users. The only thing that matters for them is to book positive results with growth in mind, and that's being done by cutting on staff expenses, which is exactly what Coinbase seems to be doing right now, all to please their dear shareholders. Definitely expect this to become worse rather than less.

Binance must be laughing its socks off with how its closest competitors are screwing up badly in terms of staff allocation. People nowadays are specifically looking for exchanges with reponsive staff departments, and this is where you can seperate yourself from the rest as exchange. Binance is the only exchange who figured that out it seems. 

[buwaytress]

When any crypto exchange or platform raises to higher levels like Coinbase did, then that kind of raise impacts all of the crypto-world positively.

As always, the larger businesses grow, the less they start to care about their users. The only thing that matters for them is to book positive results with growth in mind, and that's being done by cutting on staff expenses, which is exactly what Coinbase seems to be doing right now, all to please their dear shareholders. Definitely expect this to become worse rather than less.

Binance must be laughing its socks off with how its closest competitors are screwing up badly in terms of staff allocation. People nowadays are specifically looking for exchanges with reponsive staff departments, and this is where you can seperate yourself from the rest as exchange. Binance is the only exchange who figured that out it seems. 

Spot on! Examine the fall of every major exchange (looking most recently at Poloniex for example, who commanded huge volumes and had their loan facilities awash with requests), it all boils down to the inability of support staff to handle requests promptly and correctly. People love the basic features - low fees, yeah, liquidity yeah, fast execution, great. But when something goes wrong, you really appreciate a quick response that aren't scripted and staff who actually pay attention to your details.

Which is why I've stuck to some smaller exchanges where I get that, and which is why I think Binance will go far - at least on the looks of it now, with them hiring staff even as their capacity is growing (though recent complaints appear to show cracks). Every new exchange asking for suggestions, this is what I always advise too. That's going to be the true differentiation - good old customer service.