Virtual money markets are back, the leading US digital forex trading platform is quietly preparing for a huge increase in transaction volume.
In a response to the investigation of the virtual forex trading platform by New York State Attorney General Eric Schneiderman (Coinbase) revealed a number of data related to the performance of the company. . Accordingly, Coinbase says it has doubled the size of its full-time technical staff and has overhauled most platforms.
"Our efforts have brought a huge increase in transaction volume, up by 1,000% over the third quarter of 2017. We expect to double this number in the coming months while Maintaining the highest level of security that our customers expect. "
The COO of the company, Asiff Hirji, said that these efforts are needed in the context of rising demand for electronic money.
Employees are also revealed by Coinbase with more than 300 full-time employees. Including part-time employees, this number is currently around 1,000.
Coinbase was quick to catch up with market demand last year as e-money transactions skyrocketed. Bitcoin, the largest virtual currency on the market, rose 1.300 percent last year to nearly $ 20,000 in December.
As the company is in the development stage, some customers have gone to social networks such as Reddit to complain about downtime as well as poor customer service.
However, at present Coinbase has made many improvements.
"We are proud to be able to offer up to 99.97% uptime for users on the platform between January 1 and 99.99% of the month," Coinbase said. 4 ".
Coinbase is believed to be worth about $ 8 billion when the company offers a recent acquisition of Earn.com. The internal estimate is higher than the final estimate of $ 1.6 billion, Recode reported. Coinbase declined to comment on the pricing of the exchange.