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Early Investor Coinbase Compares Exchange To Google On The Internet

Coinbase pioneer Ron Conway sees cryptoeconomics as “the next multimillion dollar innovation opportunity” and the exchange as an industry leader. He expressed this opinion in an interview with CNBC.

“I absolutely believe that Coinbase is Google for the crypto economy and is opening up this huge opportunity for consumers,” he said.

The industry is growing rapidly, he said, but is still in its infancy.

Conway believes that focusing on cryptocurrencies, without tying them to other lines of business, helps to lead the exchange. Coinbase has also managed to build a strong brand, he said.

The investor stressed that the US should strive for leadership in the crypto economy, especially in order to reflect competition from China.

“This trillion dollar industry will create millions of jobs, and we want them to open up in the United States,” concluded Conway.

Recall that the listing of Coinbase shares on the Nasdaq took place on April 14. The company’s capitalization at closing was about $ 85.7 billion.

According to Forbes, $ 300,000 invested in Coinbase in 2012 by angel investor Harry Tan after listing turned into $ 565 million. Tan himself previously named a much larger amount – $ 2.4 billion.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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