On the heels of declaring Coinbase a "Cryptocurrency company" instead of a tech/finance firm, Natalie McGrath, head of people and operations, revealed that the startup reached 500 employees, Aug. 24.Coinbase Hits 500 Employee Mark.
In a tweet, McGrath stated the company has hired more than 500 employees, indicating the fast growth of the self-stylized "Google of Cryptocurrencies" and proving to world governments that the digital asset ecosystem could create significant employment and industry for the broader economy.
On the same day, CEO Brian Armstrong shared an email with employees about Coinbase's segmentation in the startup world, reportedly after being posed the question.
The aforementioned fixtures, according to Armstrong, make Coinbase a technology company "Driving a ton of innovation and growth in the world today." However, the CEO concluded by stating the firm fits in the newly-developed "Crypto" category instead of a "Fintech" organization.
Despite its rise to relevance, 2018's prolonged bear market has caused Coinbase's trading volumes to plunge substantially.
For investors, the data shows a definite lack of market sentiment from retail buyers, who typically turn to Coinbase for their first cryptocurrency investments due to the platform's ease-of-access and relatively developed legality.
Portfolio rebalancing application Shrimpy has added support for Coinbase Pro according to an official blog post.
The support will be specific to Coinbase Pro and will aim to "Rebalance" the portfolios of both retail and institutional investors once a year.
A traditional market strategy, rebalancing involves tracking an asset's performance over a particular period and increasing one's investment, divesting and distributing profits to other portfolio holds.
Coinbase Pro customers can also now rebalance their portfolios across four other crypto exchanges and 100-plus different cryptocurrencies.
Coinbase Hits 500 Employee Mark, Shrimpy Adds Portfolio 'Rebalancing' to Coinbase Pro
Published on Aug 27, 2018
by Cryptoslate | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.