Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era


Today Coinbase announced that it has created more than 1 million consumer Bitcoin wallets on its platform, pointing to increased interest in the market for the cryptocurrency. The company started 2013 with fewer than 13,000 wallets in the bag.

That Coinbase grew greatly in 2013 is not surprising, as it was the year that most of those now familiar with Bitcoin first heard its name. It was also the year in which Bitcoin had several surges and crashes, perhaps attractive to a trading class that would have found Coinbase an understandable way to purchase Bitcoin.

Backed by tens of millions of dollars in venture capital, Coinbase is a stabler name than some in the Bitcoin economy. That matters, especially given the recent violent implosion of the Mt.Gox exchange, in which hundreds of thousands of Bitcoin are allegedly missing, and trading was shuttered along with withdrawals.

An unregulated market has

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