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Coinbase

Coinbase

Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

About

Coinbase was founded in June 2012 by Brian Armstrong (CEO) and Fred Ehrsam. It enrolled in the 2012 Summer Y Combinator startup incubator program. In October 2012, the company launched a marketplace to buy and sell Bitcoin through bank transfers. Coinbase allows Bitcoin, Bitcoin Cash, Ethereum, and Litecoin trading on their platform. As of 2020, the company has more than 1,000 employees and more than 35 million users.

Products

The company's platform offers various products to those looking to trade cryptocurrencies for individuals and businesses.

Coinbase

Its main product with the same name as the company is the platform where users can buy, sell, and use cryptocurrencies. Cryptocurrencies trading on the Coinbase platform include:

Cosmos

Dash

Numeraire

Wallet

The wallet product that is used for storing cryptocurrencies. It also allows for transfers of cryptocurrencies between users.

USD Coin

USD coin users can exchange United States dollars (USD) for a cryptocurrency with a stable price equal to that of a USD.

Earn

Earn gives users the opportunity to educate themselves about cryptocurrencies through videos and quizzes. Users can receive crypto in their Coinbase wallet upon completion of the company's quizzes.

Pro

For advanced traders, Coinbase offers a Pro account that includes an API, insurance protection, and fees that scale to transaction volume. Most Coinbase accounts can be upgraded to a Pro account; however, some activities are limited based on the geographic area a user resides in.

For businesses
  • Commerce. A no-fee platform for business to accept cryptocurrencies as payments. It has integrations with popular e-commerce platforms Woocommerce and Shopify.
  • Custody. Operating as a separate entity of Coinbase, the Custody services supports asset holding for institutional investors. It also integrates with Coinbase Pro. It is NYDFS-regulated.
  • Ventures. Coinbase invests in startups and entrepreneurs, particularly those with a focus on stablecoin-based ideas for "the unbanked" as well as "wealth preservation, global payments, financial services for crypto companies, [and ]developer tools," among other areas of interest.

Timeline

May 24, 2021
Coinbase hires former Goldman Sachs executive Faryar Shirzad as its chief policy officer.
May 17, 2021
Coinbase announces $1.25 billion private debt offering.
May 12, 2021
Coinbase shares on Wednesday fell by as much as 4.8% to $288.46, driven down alongside a broader slide in tech shares after key US inflation data came in much higher than expected.
April 30, 2021
Coinbase acquires skew, a UK-based data analytics firm in the digital asset sector.
April 30, 2021
Coinbase announces that it is now allowing its customers to buy crypto on its platform using their debit cards and bank accounts linked to PayPal.
April 13, 2021
Coinbase sets its reference price per share, which is likely to give the company a valuation of approximately $68 billion.
January 28, 2021
Coinbase announces its intent to go public via a direct listing
December 28, 2020
Coinbase suspends trading in XRP after the U.S. Securities and Exchange Commission(SEC) charged an associated blockchain firm, Ripple,with conducting a $1.3 billion unregistered securities offering.
December 17, 2020
Coinbase announces that it has filed confidentially to go public.
May 17, 2019
Coinbase Custody reported $1 billion in crypto under management and 70 participating institutions.

Funding Rounds

Products

Acquisitions

Patents

Further Resources

Title
Author
Link
Type
Date

$COIN - Listing

Web

April 15, 2021

2-Step Verification Troubleshooting

Web

July 2, 2021

3LAU x Coinbase

Web

November 15, 2021

API3 (API3), Bluezelle (BLZ), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT) and Ribbon Finance (RBN) are launching on Coinbase Pro

Coinbase

Web

December 8, 2021

Around The Block Ep 1 - The NFT Revolution

Web

November 3, 2021

...

News

Title
Author
Date
Publisher
Description
By The Associated Press
November 2, 2021
AP NEWS
October 10, 2021
The Economic Times
In a massive turn of events, the US Federal Reserve stated that they do not plan to ban cryptocurrencies. It gives faith that some of the policy makers in the US really do see the incredible potential that cryptocurrency and blockchain technologies will have in the not-so-distant future.
Richard Dal Porto
September 20, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Lucas Matney
September 20, 2021
TechCrunch
Coinbase efforts to play hardball with the Securities and Exchange Commission didn't last too long. The cryptocurrency exchange had garnered the ire of the regulatory commission over its plans to launch a crypto lending product, with the SEC sending the company a Wells notice which indicated that the agency would sue Coinbase if they launched [...]
Greg Kumparak
September 8, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
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References

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