$2.5 Billion Was Earned By BTC Miners In The 4th Quarter Of 2023

coinbase

Bitcoin miners experienced a notable uptick in blockchain revenue, marking a substantial 60% increase to $2.5 billion during the fourth quarter. This surge represents the highest revenue level since the initial quarter of 2022 and coincides with the ongoing resurgence of speculative fervor in the crypto domain.

Over 500 crypto exchanges exist worldwide, yet 110 million users have opted for Coinbase. That’s about one-quarter of all cryptocurrency owners, according to Triple-A, which estimates there are 420 million owners globally. 

Coinbase also has brought crypto closer to the mainstream by forging partnerships with reputable financial companies like Visa Inc. and PayPal Inc. 

Coinbase dominates the crypto world because of its persistence in solving problems that plague the industry. Far from a tangled web of ledgers, hashes and nodes, Coinbase’s interface allows you to buy, sell and store crypto intuitively without needing to spend hundreds of hours poring over crypto terminology, but If you’d like to learn, Coinbase will reward you.

The company is determined to make digital asset ownership easy to understand. It created a learn-to-earn program in which you can earn crypto for every milestone you reach. But you can earn more by staking your assets, which returns up to 10% annually.

The wider crypto community complains about the speed of withdrawals, which can take up to several days. But with Coinbase you can withdraw your crypto a moment after you’ve purchased it. This is especially important to users who want to use their crypto in decentralized apps.

Security is another reason for Coinbase’s success. Coinbase’s multilayered account protection system keeps its customers' accounts safe from hackers.

Payment companies like Visa have partnered with Coinbase to create the Coinbase Card, a credit card that also allows you to receive crypto rewards of up to 4% whenever you use it.

One area where Coinbase trails its competitors is somewhat higher fees. It’s important to note that Coinbase doesn’t trade with your money. It forgoes this revenue stream to keep your funds secure. With Coinbase, your crypto is your crypto. You can easily trade it for fiat currency and withdraw all of it whenever you want.

Click here to create your Coinbase account.

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