Coinbase helps users buy, sell and store various cryptocurrencies. ![]() Bitcoin has been in existence only since 2009.Ĭryptocurrency generated big headlines in April when Coinbase CEO Brian Armstrong became one of the worlds richest men as his Wilmington, Delaware-based cryptocurrency company went public at a valuation of about $100 billion. It took Apple 42 years, Amazon 24 and Google 21. It took Microsoft, for instance, 44 years to reach $1 trillion. An analysis by online media site Visual Capitalist said Bitcoin is the fastest asset ever to reach the trillion-dollar cap. monetary system but rather to offer an easy and accessible way for small investors to buy and sell cryptocurrency.Įarlier this year, Bitcoin reached a market cap of $1 trillion. Theyre here not because they expect cryptocurrencies such as Bitcoin, Dogecoin, Ethereum and others to replace or compete with the U.S. It plans many more as cryptocurrency remains popular among bullish investors willing to take on risk in search of a sizable payoff.ĬoinFlip joins several competitors that also have a presence in the state, including Coinsource, Coin Cloud, LibertyX, Coinme and RockItCoin, which recently opened its 100th ATM in Seattle. The Bitcoin battle is heating up in Washington state with the arrival of the nations largest crypto ATM provider.Ĭhicago-based CoinFlip recently installed 13 machines across Washington state, including two in Tacoma and one in Seattle, Olympia, Tumwater, Puyallup and Everett. ![]() Subscribe here to access the print edition. This story is featured in the July issue of Seattle Business magazine.
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