Coinbase received $270 million
Large investments in serious companies can lead to the right actions even of ordinary users. That is why today we should discuss the recent investment in the Coinbase cryptocurrency exchange. The well-known platform received serious financial support from the FTX exchange, which entrusted the project with about 270 million dollars. What are the reasons for such serious monetary cooperation? Is it worth it to draw any conclusions from this and start working with Coinbase, like a large FTX exchange? Let’s get it right.
A bit about Coinbase
To make your own opinion about a particular instrument, you first need to understand the essence of the company. Coinbase is a large fund-raising project. The platform works with both fiat and digital currencies. A wide range of supported monetary units is considered one of the main features and strengths of this tool. In addition, the platform is characterized by such advantages as:
- Advanced security. The best digital security algorithms are used for the exchange and storage of cryptocurrencies, which guarantee the maximum safety of funds. A lot of checks can virtually eliminate any chance of receiving an incomplete transfer or money with a “gray reputation”;
- The convenience of use. It is difficult to deny the simple fact that Coinbase is very easy to use even for serious and voluminous translations. A novice who has just begun his journey in an exciting crypto industry will be able to carry out a high-speed transaction. Anyone can also register and confirm an account. There is nothing complicated, especially for savvy users;
- Insurance coverage. The company is so confident in the success of its own security that it provides guarantees of reliable operation and proper operation in the most difficult market conditions. Such confidence says a lot about the real reliability of the platform and has a long-term, productive cooperation;
Note that these are only the main advantages that the company itself highlights. You can create a larger list of strengths yourself, even after several weeks of using the advanced Coinbase functionality. Obviously, the advantages of the technical solution were revealed even by such serious companies as FTX. This exchange entrusted Coinbase with its own capitalization reserve of $ 270 million for the full storage. Therefore, there is no doubt about the reliability of the enterprise. That is why right today you can start a productive collaboration with a solution for storing and exchanging cryptocurrencies.
Who should use the platform?
The answer is very simple – everyone should touch the wonderful functionality of this wonderful company. We strongly recommend starting today to use the advanced functionality that this company provides on favorable terms. Regardless of your training. This is not advertising at all, but advice from experienced users of the crypto industry who are confident that Coinbase definitely deserves your attention and trust. Of course, in order to understand the tool, you can first work with small amounts. Then, if the specificity of the work suits you, go to big capitals. If you want to learn more about this tool, you can check out our earlier articles.
So, now you know that in the experience of large companies you can conclude and emphasize a lot of new things for yourself. Follow all the news of the crypto industry with us. We publish only high-quality and interesting material. Thank you for the attention. Good luck!