The heart of tech

This article was published on February 27, 2014


Coinbase passes 1 million consumer wallets, 25,000 merchants, and 4,000 Bitcoin apps using its API

Coinbase passes 1 million consumer wallets, 25,000 merchants, and 4,000 Bitcoin apps using its API Image by: George Frey


Emil Protalinski
Story by

Emil Protalinski

Emil was a reporter for The Next Web between 2012 and 2014. Over the years, he has covered the tech industry for multiple publications, incl Emil was a reporter for The Next Web between 2012 and 2014. Over the years, he has covered the tech industry for multiple publications, including Ars Technica, Neowin, TechSpot, ZDNet, and CNET. Stay in touch via Facebook, Twitter, and Google+.

Coinbase today announced a new milestone: over 1 million consumer wallets, up from just 13,000 at the start of 2013. The company also revealed it is now seeing more than 25,000 merchants using its platform to attract new customers and more than 4,000 Bitcoin applications created using its API.

Without naming names, Coinbase also mentioned that recent issues in the Bitcoin community show that the virtual currency has a long road ahead of it. “We are fully committed to helping continue to bring the stability and confidence required to help ensure Bitcoin is as useful as possible for consumers, merchants and developers alike,” the startup declared. That’s a big promise for a big customer base.

See also – Coinbase releases an SDK to enable Bitcoin payments in Android apps and Coinbase launches point-of-sale app to let physical retailers accept payment in Bitcoin

Image Credit: George Frey/Getty Images