Bottoms up - it’s CoinJar’s 8th Birthday!
We’ve been in the game longer than most - we’re arguably considered a dinosaur by crypto standards - so we’d like to take a look back on CoinJar’s history and how far the overall cryptocurrency industry has come.
Eight years ago, you could buy a singular bitcoin for just over $100 a pop. A $1000 investment in bitcoin back in 2013 would be worth over half a million Australian dollars today - assuming you had the diamond hands to HODL, of course. Bitcoin was born out of the 2008 financial crisis as a way to circumvent the banking infrastructure as a universal currency - since then, it has evolved from an alternative currency to a store of value and hedge against inflation. Bitcoin paved the way for Ethereum and other blockchains, leading to the birth of dApps, decentralised financial exchanges, DeFi, myriad cryptocurrencies and NFTs.
That’s not to say the path forward in cryptocurrency hasn’t been tumultuous - the industry has seen its fair share of rallies and crashes. But the dream of a democratised, accessible financial system has only gained momentum. In the last year alone, we’ve seen institutions, corporations and hedge funds buy into this dream; we’ve witnessed Bitcoin and Ethereum go to the moon, and we’ve seen the masses exercise their trading power with the likes of Dogecoin. At CoinJar, we’re incredibly proud to have played a small part in the evolution of crypto, with our exchange connecting over 500k users with a wide range of blockchains and tokens.
The story of crypto and CoinJar doesn’t end here. We’re excited to see what the next eight years bring. In the near future we’re launching a cryptocurrency debit card and rolling out more features to make crypto even better.
Happy Trading (and Happy Birthday to us!)