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Open Questions for Coinbase: Will Users Benefit from Its $100 Million Raise?

Fresh off $100 million in new funding, expectations are high that Coinbase – the largest and most visible US cryptocurrency startup – will use its new investment to improve services that have succumbed to the stress of a growing industry.

On Twitter, Coinbase users openly grumbled about the startup's struggles with uptime , as well as technology decisions that some felt have left them, unlike the company, short on funds.

But given the influence of Coinbase's brand, those outages and slip-ups generally have had a negative impact on cryptocurrency prices, leading users to be denied economic opportunities, such as the ability to capitalize on volatility.

The latest incident happened in June when a multimillion dollar sale of ether was placed on GDAX, pushing the price down drastically and automatically executing a few hundred margin calls and stop losses.

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies .

READ MORE (CoinDesk)

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  • Coinbase becomes bitcoin's first unicorn as it raises $100M in fundingSiliconANGLE News (blog)
  • Unicorn Alert! Coinbase Raises $100 MillionCrowdfund Insider
  • Coinbase becomes first Bitcoin unicorn with $1.6bn valuationIBS Intelligence (blog) (subscription)
  • Coinbase raises $100M at a $1.6B valuation amid explosive growthTechCrunch

This post first appeared on The 5th News, please read the originial post: here

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Open Questions for Coinbase: Will Users Benefit from Its $100 Million Raise?


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