CoinBurp: The Coinbase of NFTs, Fueling The Expansion of The Entire NFT Market
A few short weeks ago, CoinBurp ushered in a new era of effortless NFT buying, selling, and collecting with the ‘CoinBurp DeFi’ NFT Wallet app launch. The advent of the wallet and the fiat on and off-ramp, which allows the acquisition of NFTs by bank transfer, will open the doors for newcomers and enthusiasts to get involved in the world of DeFi and NFTs. All of this is at the palm of your hands using the wallet application.
CoinBurp is delighted with how these substantial additions to the platform have positioned CoinBurp as the first launchpad for NFTs and finally opened the NFT market for anyone to get involved. CoinBurp is paving the way for NFT mass adoption the same way Coinbase did for the entire cryptocurrency market back in 2017 on their journey to global market domination.
The Story of Coinbase, a Recipe For Success
The Coinbase App. Source: CNN
Founded in 2012, Coinbase burst onto the cryptocurrency exchange market with its mobile app. Coinbase’s original application enabled users to buy Bitcoin by bank transfer. This simple yet effective solution for bitcoin acquisition saw Coinbase’s user base climb to 1 million in 2014. This meteoric rise hinged on an application offering one modest service.
The real Coinbase explosion in 2017 came on the back of adding debit cards as a feature for the immediate and seamless purchase of Bitcoin in 2016. The addition of this feature culminated in a series of investments over the next few years, including $100 million from Institutional Venture Partners and $300 million from Tiger Global Management in 2018. All of this came as a direct result of the perpetual expansion of features and purchase gateways to power its prolific rise.
Today, Coinbase is a world leader for crypto-asset exchange as well as fiat to crypto onboarding and offboarding. Their commitment to simplifying, expediting and expanding their coin offerings and user accrual of coins has and continues to be the recipe for Coinbase’s success.
Time For The CoinBurp NFT Era
As you now know Coinbase began with an app in 2012, now the app has been released just in time for the roaring 2020s, and CoinBurp is excited to scale. As the #1 rated UK cryptocurrency exchange based on TrustPilot reviews, CoinBurp is primed to apply the groundwork laid by Coinbase and much more to the world NFTs and DeFi.
A Rapidly Rising Market, CoinBurp at Its Center
2020 saw the beginning of blistering growth in the NFT market. While still unbeknownst to the average pedestrian, the total volume for NFT sales increased by a tremendous 299%, and the total volume of NFT transactions hit $250 million. But, this was just the beginning. In 2021 this incredible pace of growth continued at a meteoric rate, with NFT transactional volume reaching a staggering $2 billion in the first quarter of 2021 alone.
However, this profound rise is occurring amid a fractured market. Currently, buying, selling, and minting NFTs lacks fluidity, liquidity, and accessibility. But, by implementing the wallet application and leveraging the position as a leading cryptocurrency exchange for retail investors, CoinBurp aims to solve the core concerns inhibiting the NFT market by bridging the best features of CeFi and DeFi to NFT trading.
In doing so, retail investors will finally experience a seamless, safe and efficient NFT trading experience. Thus, expanding the audience of this exponentially rising market, in support of its global adoption. In short, the growth CoinBurp has seen is just a snippet of the overwhelming potential in the young NFT market, that CoinBurp is positioned to fuel, as the Coinbase for NFTs.
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** The above tokens are issued by Cede Fields LTD (a company incorporated in the British Virgin Islands) and distributed by Kucoin and Gate.io.
Cryptocurrencies are generally not regulated and investors do not have access to recourse or compensation schemes such as, for example, in the UK, the Financial Ombudsman Service or the Financial Services Compensation Scheme. Investing in cryptocurrencies can be high risk and investors should carefully evaluate their appetite for risk and their understanding of trading cryptocurrencies prior to entering into a transaction.