Connected Magazine

Coinbase Ireland boss: Crypto sector is beginning to grow here

Cormac Dinan, Coinbase’s country leader for Ireland, believes cryptocurrency firms want to tap into the successful fund industry established here

Cormac Dinan, country leader for Ireland with Coinbase. Picture: Fergal Phillips

The price of bitcoin soared to record highs in the first quarter of the year and then proceeded to pull back in April, but unlike the original volatility the cryptocurrency endured, this is a sign of its growing maturity.

That maturity is positive for Ireland, which is home to a number of back-office systems that power the rising number of cryptocurrency funds.

Bitcoin touched the unprecedented price of $74,000 (€69,400) in mid-March. It has since ...