Bitcoin ($426 billion): That represents a CAGR of around 75% in 11 years, a speed unrivalled by any traditional asset like equity, real estate or gold.
In December 2020, Bitcoin market capitalization hit an all-time high, up over USD 100 billion compared to the summer months. Its market capitalization is currently more than USD 350 billion.
Market capitalization is thereby calculated by multiplying the total number of bitcoins that are in circulation by the bitcoin price. Bitcoin’s market capitalization has grown from roughly USD 1 billion in 2013 to several times that amount since it spiked in popularity in 2017.
With portfolio-backed loans on Coinbase, customers can borrow cash quickly from their Coinbase accounts. No need to fill out a long application or go through a credit check. Customers can simply sign up with a few taps and get the cash in their accounts within 2–3 days.
CredEarn is a financial product that enables owners of digital assets to earn interest on their cryptocurrency holdings such as Bitcoin Cash (BCH) and Bitcoin (BTC). Pledge your digital assets through a set maturity date and then earn a fixed interest rate on them. It’s that simple.
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Key players profiled in the report includes:
Gold Box (India), BlockFi (United States), Genesis Global Trading (United States), Unchained Capital (United States), Nexo (United Kingdom), CoinLoan (Estonia), OKEX.COM (Malta), YouHodler (Cyprus), Binance.com (Malta), HELIO LENDING PTY LTD (Australia), iFinex Inc. (Hong Kong), Bitcoin Suisse AG (Switzerland), Celsius (United Kingdom)