Coinbase Exchange has been live in 25 of the 50 states for the past week. Bitcoin prices at the start were very optimistic. Reaching nearly $300 and as the week has gone on settled back down near $220. The hype behind a US based Bitcoin exchange is there. I believe that Coinbase rushed to get this out ahead of the Winklevoss brothers in order to be just that… “First”. The problem with this exchange.

Not available in your state. There are tons of people out there like myself who wish that they could take their money out of unknown exchanges like btc-e and get our money into an exchange that’s on US soil. No dice. Coinbase is still in the process of acquiring the necessary permits to operate in the other state. It’s just not there yet.

Speaking of Coinbase, Over the last couple years has been very ‘mum’ about stats regarding their company as in, ‘How many users/wallets’. They have finally come out with some numbers for all of us geeks who have been waiting! As the company becomes more and more public facing I imagine these types of statistics will only become more transparent to us.

Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. We’re based in San Francisco, California.

Bitcoin is the world’s most widely used alternative currency with a total market cap of approximately $5.3 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.

STATS

2,000,000
USERS
2,400,000
WALLETS
38,000
MERCHANTS
7,000
DEVELOPER APPS

As I finish writing this, BTC is currently trading for Bitcoin is $223.29.