Coinbase, an online platform for buying and selling bitcoins, has announced that its users have bought and sold more than $1 million in worth of the currency in the past month.
“There’s an incredible amount of demand for people who want to buy Bitcoins now,” Coinbase CEO Brian Armstrong told VentureBeat. “The pace of going from $0 to $1 million was staggering.”
According to Armstrong, Coinbase currently has 40,000 users and does over 30,000 transactions per month.