The Largest U.S. Cryptocurrency Exchange is Going Global
Coinbase, the largest U.S. cryptocurrency exchange just announced that they want to expand to Japan according to The Wall Street Journal. Coinbase views Japan as a cryptocurrency “paradise.” Japan has been a hotbed for cryptocurrency trading for many years now, and Coinbase setting us shop their signals big news for U.S. cryptocurrency investors.
This recent move by Coinbase is a part of a consistent trend. While Bitcoin has taken a dip recently and individual investors have been a bit apprehensive, businesses, organizations, and even exchanges are moving full speed ahead with Bitcoin, Ethereum, and other cryptocurrencies.
It’s important to note that even amidst current investor aprehension, Coinbase is expanding. The largest U.S. cryptocurrency exchange doesn’t just make such an aggressive global expansion unless they are confident in Bitcoin. This is especially interesting when you think about it in relation to what Twitter and Square CEO, Jack Dorsey, as well Apple co-founder, Steve Wozniak, said recently. They both recently came out in support of Bitcoin and predicted that Bitcoin would become the Global currency of the future. You can read more about our thoughts on what they said by clicking here.
This is something that all investors should take notice of. When titans of industry and tech companies are predicting that Bitcoin is the future global currency, and then a huge cryptocurrency exchange like Coinbase announces a global expansion into a new market, it is a pretty clear indicator that cryptocurrencies are poised for a huge run.
With Bitcoin at its lowest point in many months, combined with the fact that so many companies are banking heavy on Bitcoin recently, this is a great opportunity to look into investing in a Bitcoin IRA as it looks like a huge growth run is on the horizon.