Coinbase, Inc., the largest Cryptocurrency exchange in the US, was signing up 50,000 new customers a day last year, says CEO Brian Armstrong.

Armstrong spoke at Bloomberg’s Players Technology Summit in San Francisco on Tuesday. Cryptocurrency had a huge rise last year, more particularly towards the second half of the year, but most investors who entered the game late have lost money.

From its all-time high of almost $20,000 back in December, Bitcoin has dropped nearly 70 percent. All of the other altcoins have followed suit, in a wave of panic selling. ...