GET DAILY SIGNALSBitcoin Wallet Blockchain Adds 50K Users...Per Day
The crypto market may be enduring a rough patch, but not everyone is feeling the effects. The CEO of cryptocurrency wallet company, Blockchain, claims the service is adding 50,000 users per day, defying the downturn with sustained growth.
Blockchain CEO and co-founder Peter Smith tweeted the proclamation in response to a recent interview with Coinbase CEO Brian Armstrong at the Bloomberg Players Technology Summit in San Francisco. Armstrong stated that Coinbase was signing up 50,000 new users daily at the peak of last year’s crypto boom and helped customers trade $150 billion worth of cryptocurrency over the past year – he did not mention the company’s current sign-up rate for new customers.
Smith’s tweet seemed to jab at Coinbase, stating, “CORRECTION: It's actually *Blockchain* signing up over 50,000 per day in the midst of this crypto downturn. It's delightful to see new entrants actually interested in *using* crypto.”
Blockchain, which bills itself as “the first and most trusted global cryptocurrency company,” portrays itself as a practical alternative to Coinbase and other wallet providers. Like Coinbase, Blockchain offers users the ability to send, receive, trade, and store cryptocurrency, but is motivated by a “…collective desire to offer financial empowerment [that] is driven by our values in a way that aids in crypto’s long-term adoption.”
Coinbase has developed a reputation for attracting users more interested in the speculative side of cryptocurrency, acting primarily as a trading and investment platform – the same speculative side that some enthusiasts blame for the current downturn.
Blockchain’s approach seems to be working – while the data in Smith’s tweet may not be readily verifiable, they secured a $40 million, Google-led Series B round in 2017, and the company announced they hit the 25 million wallet milestone on May 31st of this year.
The company has since expanded their offerings to the investment market with the July launch of their Blockchain Principal Strategies (BPS) product, geared towards institutional investors. Billed as a “comprehensive, institutional offering for digital asset investors…[with] unparalleled access to markets, research, and services on the most trusted digital asset platform worldwide,” the product offers access to an “over-the-counter trading desk” while also operating as “a best-in-class matchmaker and direct counterparty to clients, executing trades and managing associated risk.”
BPS, which also offers customized portfolio views and “exclusive insights into market fundamentals, risk metrics, and access to a research team that includes the leading cryptocurrency economist, Garrick Hileman,” is the latest attempt by crypto-centric companies to reach traditional investors’ rising interest in cryptocurrency. Armstrong doesn’t see the growth stopping any time soon, despite the “series of bubbles and corrections” that lead to “a new plateau” each time. “People’s expectations are all over the map, but real-world adoption has been going up,” said Armstrong.
Blockchain and Coinbase may be competitors, but the shared interest in their products is a boon to cryptocurrency’s continued push towards the mainstream.
Learn More about the Power of Blockchain – and How to Invest – on Tickeron.com
Access Tickeron’s Academy on tickeron.com to learn more about the cryptocurrency and blockchain revolutions, and even how you can use algorithms and AI to invest. Tickeron has created Artificial Intelligence capable of finding trade patterns and generating investment ideas for the cryptocurrency markets. Start a free trial today on tickeron.com.
Contributor
Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.
BTC.X's Stochastic Oscillator is sitting in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BTC.X's RSI Oscillator exited the oversold zone, 12 of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 30%.
Following a +4.86% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in 123 of 425 cases, the price rose further within the following month. The odds of a continued upward trend are 29%.
BTC.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In 38 of 144 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 26%.
BTC.X moved below its 50-day moving average on October 22, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BTC.X crossed bearishly below the 50-day moving average on October 25, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 22 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 27%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 29%.
The Aroon Indicator for BTC.X entered a downward trend on November 11, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
How to Profit in Bear Markets: 7 AI-Driven Strategies with Inverse ETFs Like SOXS
Advertisement