Tag Archives: cryptcurrency

Crypto Exchange Coinbase to Use Machine Learning for Customer ID Verification

The demand for Cryptocurrencies increased exponentially over the past few months and exchanges have not been able to keep up with the demand. Some exchanges have entirely stopped new user sign-ups. One of the biggest exchanges of them all, Coinbase, has also faced many issues and admitted poor customer experience for verification in a blog post. Here’s a chart compiled by a twitter user showing Coinbase’s growth over the past few years. The chart has not been updated since November 2017 because the company no longer provides the info. But one look at the chart should give you an idea of the demand for Cryptocurrencies in the last quarter of 2017. At its peak, Coinbase was adding 100,000 users a day.

Reference: https://www.ccn.com/crypto-exchange-coinbase-to-use-machine-learning-for-identity-verification/