About 100,000 new users joined Coinbase a day, according to public data compiled by Alistair Milne, co-founder and chief investment officer of Altana Digital Currency Fund, CNBC reported.
The user growth followed news Tuesday that the world's largest futures exchange, CME (NASDAQ: CME), is planning to launch Bitcoin (EXANTE: Bitcoin) futures by the end of the year. Bitcoin hit records after the announcement.
Coinbase now has 11.9 million users, according to its website.
CME announced Tuesday that it plans to launch Bitcoin futures by the end of the year. Once the futures launch, many large investors restricted from directly purchasing Bitcoin will be able to buy into the digital currency trend.
Bitcoin surged to records after the CME news and hit an all-time high of $7,454.04 on Friday, according to CoinDesk.