On 29th June the leading U.S cryptocurrency exchange and wallet provider, Coinbase announced to open a new office on the west coast of the United States in Portland, Oregon.
The Coinbase blog given a statement the exchange has considered in different cities before deciding on Portland for its “incredibly talented, innovative open-source and blockchain communities.”
By opening new address of Coinbase it will add up to 100 new jobs to the Portland economy this year, which will probably increase the company’s an economy’s growth, the Coinbase has signed a seven-year lease on the new office, where the renovation will begin in the upcoming weeks.
Before this month, the detractor alleged that the Coinbase Exchange is underprepared and overwhelmed by its current growth pace. The process is compressed in 134 pages of complaints filed by the exchange’s users.
The reporters reported that many difficulties have been faced for accessing funds, frustration at being locked out of access, not receiving due funds, and difficulties transferring funds between accounts. If the users are showing their losses and inconveniences, mismanagement by Coinbase.
In a month of May, the Coinbase says that it will apply for a license with the country’s financial regulator, the Financial Services Agency (FSA), “within one year.” the Coinbase announced that it will expand into Japanese markets. For proper licensing with the FSA and all other crypto exchanges operating in the country must apply the following amendment of Japan’s Payment Services Act in April 2017.
The users can currently be trading on Coinbase Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash(BCH), and soon will be able to trade Ethereum Classic (ETC). Coinbase was set up in 2012, boasts over 20 million users, with $150 billion in assets traded. About 25 percent of asset’s price jumped in the market.