Coinbase Talks 1 Million Wallet Milestone, Mt. Gox and What’s Next

By Pete Rizzo,

San Francisco-based bitcoin wallet provider Coinbase has revealed that it officially passed 1 million wallet downloads on 27th February, a major milestone in the lifecycle of the less than two-year-old company.

Founded in June 2012, Coinbase is the second most downloaded consumer bitcoin wallet behind rival Blockchain, which passed its 1 million wallet mark in January.

But, that doesn’t make Coinbase’s numbers any less impressive. At the beginning of 2013, Coinbase had facilitated just 13,000 wallet downloads, meaning it saw more than 7,000% growth over the course of 2013. Further, the company’s internal estimates suggest it’s now adding five new users a minute.

Coinbase co-founder Fred Ehrsam told CoinDesk that growth is coming so quickly in both its consumer and merchant services that he’s barely had the time to reflect since learning of the news:


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