Coinbase CEO explains how hypergrowth has affected their business

After watching this news article the main takeaways are:

• New money from Institutions is creating a lot interest in Crypto Currencies
• Also these major players are lending legitimacy to digital currencies
• Because of their relationships with institutions like CBOE, they are able to sell other services and features
• Hypergrowth has caused them to see an 8 X increase in customers, trading volume and sales
• They would like to improve the product so this is a milestone on their roadmap
• The IRS asked them for records of all customers but they got that number down to 97%
• They are working with IRS to develop clear processes on how customers can pay their taxes legally
• They launched a new app by the name of Toshi that is trying to mimic WeChat and Mpesa