Coinbase cryptocurrency exchange will be taken over by Facebook?

Coinbase cryptocurrency exchange will be taken over by Facebook?

coinbase cryptocurrency exchange

Coinbase cryptocurrency exchange acquired by Facebook?

For several weeks, various media information and speculation about the possibility of taking over one of the largest cryptocurrency exchanges – Coinbase by Facebook’s social monopolist have appeared.

While recently Facebook has not been favorably disposed to electronic currencies, in recent days something has probably shaken. Facebook initially talked about creating and introducing its own digital currency. Then he turned off all cryptocurrency related ads. Currently, however, partially restores them. At this point, there has been a lot of speculation about the acquisition of the Coinbase cryptocurrency exchange.

Interest in digital currencies is growing worldwide. Considering that digital currency exchanges want to complement revenues and continue to grow when prices fall, cooperation with the social giant can give them many benefits. Facebook has about 2 billion users. If he introduced his or any other existing electronic currency for payment, then the whole world would learn about it effectively. This would probably translate into higher prices of individual cryptocurrencies and the entire market. Undoubtedly, the Coinbase cryptocurrency exchange would also benefit, which would probably have a significant share in this project. What will this site ultimately choose? Maybe create its own Bitcoin exchange? Buying or paying with it through the portal could be an interesting innovation. It is worth noting that Coinbase is not only one of the largest but also one of the best cryptocurrency exchanges in the world.

coinbase exchange

Leave a Reply