Coinbase allows verified users to share their crypto allocations with their friends

Crypto exchange giant Coinbase announced that its verified users can now public the information on their portfolio more easily.
Crypto exchange giant Coinbase announced that its verified users can now public the information on their portfolio more easily.

Crypto exchange giant Coinbase announced that its verified users can now public the information on their portfolio more easily. The U.S-based giant has around 68 million users.

Coinbase, in its blog post published on November 12, said that the app is now integrated with a new feature that shares the allocation percentage of a user to their friends. However, Rishav Mukherji, the senior product manager, clarified that the feature would hide the user’s balance. He further said that it is an initial move for the feature that will help users to share additional trading details conducted on the app. He adds:

“We want to empower the cryptoeconomy to share knowledge and information and learn from each other.”

Coinbase bringing innovative ideas to the plate

Coinbase is the largest cryptocurrency exchange in the United States, with more than 8.8 million active users reported by the company in the second quarter of this year. The company also reported a huge increase in the active user count with over $1.2 billion in revenue in the third quarter. 

However, if we look into the firm’s profit, it went down by 74.7% in the third quarter as compared to the second. 

The inclusion of social media is a fresh move by the exchange giant with no fear of their major figures disclosing publicly. 

Coinbase has been on the headlines for quite some time after the announcement of the BTC ETFs trading facility on the platform. TheCoinRise reported different angles on the same. It has also acquired an Indian startup to improve its customer service by integrating artificial intelligence into the system.

The exchange giant is also becoming the favorite of digital creators after its announcement of launching its own NFT marketplace.

Apple CEO Tim Cook and Shark Tank star Kevin O’Leary recently opened up and revealed their crypto holdings percentage.