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📊‍ Infographics
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Coinbase Gains More Mobile Users Than Other Top 6 Exchanges Combined: Research

  • Alex Dovbnya
    📊‍ Infographics

    The study reveals that Coinbase remains at the top of its game despite Binance breathing down its neck

Coinbase Gains More Mobile Users Than Other Top 6 Exchanges Combined: Research
Cover image via u.today
Contents

Coinbase, an $8 bln crypto behemoth, leads by the number of new desktop and mobile users. In fact, Coinbase’s popularity with mobile users is so high that it trumped the other top 6 exchanges combined in December.

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Binance vs Coinbase- An Honest Comparison

Binance vs Coinbase- An Honest Comparison

Coinbase vs. Binance

DataLight has estimated that Coinbase has slightly more than 2 mln mobile users (that’s almost twice as much as Binance with 991,409 users). The gap between the two leading exchanges is significantly smaller when it comes to desktop users — 2.1 mln and 1.7 mln, but the Brian Armstrong-led exchange is still on top.

Notably, Coinbase already surpassed stock brokerage Charles Schwab by the number of users in 2017. As of October 2018, Coinbase could boast 25 mln users (which means that there wouldn’t be enough Bitcoins for everyone with a Coinbase account).         

A world of difference

There is a huge contrast between the two leaders and the rest of the exchanges on the list. However, the rest of the exchanges are pretty much on the same page when it comes to their user bases. Bithumb is in third place by the number of mobile users (513,892) while taking the last position when it comes to desktop users (148,829). With Bitfinex, the situation is completely opposite — the exchange is significantly more popular with desktop users than with mobile users (377,475 vs. 85.124)

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com
Contents

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

Bitcoin Block Number 600,000 Was Mined — What Does It Mean for the Crypto Industry?

China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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