This week, Blockchain.com hosted a live event for media and investors. As part of it, Peter Smith, Blockchain.com CEO and co-founder, presented a keynote speech, sharing what Blockchain.com achieved in 2020 and what users should expect in the near future.
“Over the past 9 years, we’ve quietly built one of the largest and most impactful companies in crypto with nearly 50 million wallets created by customers in nearly every country in the world. There was a time when 1 million users would have seemed bullish, let alone 50 million. We’re now setting our sights on growing to 1 billion wallets by the end of the decade.”
During his speech, Peter noted on some important stats, showing that, since 2011, Blockchain.com has been seeing 1 billion API requests per day, meaning that they receive up to 20,000 requests every second. This of course is due to the fact that many popular crypto platforms use Blockchain.com’s API. The list includes Coinbase, Ripple, Bitstamp, Bitpay, Kraken, and many others.
Other interesting metrics showed that 32% of all bitcoin activity happened in Blockchain.com wallets. “The most trusted crypto company”, as headlined on their website, is collecting such data since 2012, and since then, it has comprised 27% of all bitcoin transactions.
Blockchain.com is among the four crypto companies, along with Coinbase, Binance, and BitMEX, which had more than 100 million visits in 2020. A good pinpointed example would be last Monday, when around 2 million visitors witnessed the bitcoin halving event and the mining of the 630,000th block.
The company is also helping newcomers all around the world to enter the crypto sphere as last week, clients from more than 100 countries bought their first bitcoin through the platform.
What the future holds
Smith also commented on things in the works, primarily the new Blockchain.com wallet experience, which will allow users to buy bitcoin via a credit or debit card. The first supported asset would be USDT, but the list will expand soon. At launch, the Visa network will be supported, with Mastercard joining the fun shortly thereafter.
Blockchain.com also allows clients who have deposited bitcoin in a new Interest Account to earn up to 4.5% interest per year. The company is planning to extend this program and include more assets (Ethereum and Tether). Keep in mind that the interest account offering is available everywhere except the United States, Canada, and Japan.
Another upcoming service, which will be ready for use in a number of US states, will allow users to borrow USD Digital without liquidating the underlying bitcoin, all for 5% annual interest. This product will be very useful for people who are in need of funds for arbitrage, trading, or financing a big purchase.
Something else Smith is proud of is that, the Blockchain.com Exchange has a 99.4% average uptime, even in times when unparalleled trading volume occurred.
Finally, yet importantly, Blockchain.com’s CEO discussed the Explorer, which launched five new charts in the last couple of months, and expects improvements on its navigation, as well as a revised prices pages.