By Kenny S – Bitcoin Enthusiast - 11-08-2021
The popular cryptocurrency exchange platform Coinbase has been outperforming all profit forecasts in recent months in the stock market. The company's shares had risen in the early hours for trading today, with the price increasing above the estimates given by Wall Street.
Wall Street provided investors with a quarterly stock price estimate, to which Coinbase had proven to surpass the second quarterly forecast predictions. Despite this achievement for COIN, stock analysts have cautioned investors that this growth may soon be stunted due to regulation.
The exchange platform where many new and experienced traders invest in cryptocurrency has seen a recent surge in price for its shares. The cost to buy crypto shares from Coinbase rose by 4.7%, reaching the price of $282.34. Even COIN bids increased to $294 within the early trading hours before dropping below $280. Coinbase has proven to produce solid quarterly results while finishing the first half of 2021.
Compared to the previous quarter, the exchange platform has seen a 27% increase in its net revenue, rising to $2.3 billion with an average of increasing 1,042% yearly. Within the same period, Coinbase's net income has increased dramatically from $32 million to $1.6 billion. Reportedly, the financial wealth increase comes from entities who buy Bitcoin (BTC) on the platform.
Even while analysts predict prevention in further growth for COIN, the CEO of Coinbase, Brian Armstrong, is already seeing more potential opportunities to expand the company. He mentions how the company has already focused on foreign expansion to increase decentralisation and add more crypto assets. Furthermore, Armstrong stated that he plans on making Coinbase the "Amazon of assets" and to be able to possess and sell every legal crypto asset.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely start investing today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards