Coinbase

Coinbase

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

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 the services to buy and sell bitcoin through bank transfers. Coinbase allows Bitcoin, Bitcoin Cash, Ethereum, and Litecoin trading on their platform.

On Oct 30, 2018, Coinbase announced that it had raised another $300 million in a funding round led by Tiger Global Management, valuing the firm at more than $8 billion. Y Combinator Continuity, Wellington Management, Andreessen Horowitz and Polychain also invested in the round.

Coinbase booked revenue of $1 billion in 2017 and is expected to bring in $1.3 billion this year despite the slump in bitcoin, according to media reports.

Timeline

May 17, 2019

Coinbase Custody currently has $1 billion crypto under management and 70 participating institutions, CEO Brian Armstrong says in Consensus conference

October 30, 2018

Coinbase raises $300 million in a funding round led by Tiger Global Management, valuing the firm at more than $8 billion.

October 30, 2018

Coinbase raises a $300,000,000 series E round from Tiger Global Management, Kingsley Advani, Andreessen Horowitz, Manhattan Ventures Partners, Wellington Management and Polychain Capital.

May 23, 2018

Coinbase acquires Paradex

Coinbase plans to use Paradex' cryptocurrency trading platform to allow its customers to trade hundreds of cryptocurrency tokens. The terms of the acquisition were not disclosed.

April 16, 2018

Coinbase acquires Earn.com, hires Balaji Srinivasan as CTO

The price of the deal is not initially made public upon announcement of the acquisition, however a Coindesk report suggested a potential deal of over $100 million. Coinbase also hires Earn.com CEO Balaji Srinivasan as their first CTO.

December 7, 2017

Coinbase reaches #1 on the iOS app store

Due to increasing demand for trading cryptocurrencies, Coinbase reached the top spot in the United States iOS app store.

August 2017

Coinbase raises a $100,000,000 series D round from Institutional Venture Partners, Greylock Partners, Spark Capital, Section 32, Draper Associates and Battery Ventures.

July 7, 2016

Coinbase raises a $10,500,000 series C round from Sozo Ventures and Mitsubishi UFJ Capital.

December 12, 2013

Coinbase raises a $25,000,000 series B round from Andreessen Horowitz and Union Square Ventures.

May 7, 2013

Coinbase raises a $6,109,590 series A round from FundersClub, Interplay Ventures, Union Square Ventures, SV Angel and Red Swan.

September 12, 2012

Coinbase raises a $600,000 seed round from FundersClub, Greg Kidd, Y Combinator, Alexis Ohanian and Garry Tan.

Products

Product
Description
Industry
Launch date
Website

Coinbase Commerce is a product from Coinbase Inc. allowing merchants to integrate cryptocurrency payments into their website.

Coinbase Wallet, formerly Toshi, is a mobile phone application allowing users to browse Ethereum decentralized applications (dApp).

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People

Name
Role
LinkedIn

Adam Draper

Investor

Adam White

Employee

Adrian Macneil

Employee

Aiden Lloyd

Employee

Alex Ianus

Employee

Alexandra Dela Torre

Employee

Alexis Ohanian

Investor

Alvin Lee

Employee

Andy Dunn

Investor

Annika Sohlström

Employee

Anthony Shephard

Employee

Antonio Juliano

Employee

Ashley Putnam

Employee

Aurora Harshner

Employee

Barry Kwok

Employee

Bart Stephens

Investor

Ben Jennings

Employee

Bobby Goodlatte

Investor

Boris Silver

Investor

Bradley J Larson

Employee

Brett Gilbert

Employee

Brian Armstrong

Founder

Brian Cartmell

Investor

Brian Watson

Investor

Catherine Waite

Employee

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Further reading

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Documentaries, videos and podcasts

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Companies

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CEO
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Products/Services

News

Title
Author
Date
Publisher
Description
Omar Faridi
May 25, 2020
Crowdfund Insider
Insider trading? OmiseGo (OMG) msurges 200% just 15 Minutes after Coinbase listing, but then crashes immediately.
Omar Faridi
May 21, 2020
Crowdfund Insider
San Francisco-based crypto exchange Coinbase to move to a remote-first work policy, due to COVID-19 outbreak.
JD Alois
May 19, 2020
Crowdfund Insider
Click HERE to find out ⭐ Binance.US CEO Catherine Coley: Speed & Fees Will Help Us Compete. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
JD Alois
May 12, 2020
Crowdfund Insider
Click HERE to find out ⭐ JPMorgan is Now Providing Banking Services to Coinbase, Gemini - Report. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Josh Constine
March 11, 2020
TechCrunch
Some Libra Association members like Andreessen Horowitz and Coinbase are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 partners, non-profit The Celo Foundation's 'Alliance For Prosperity' offers a way for developers to build decentralized mobile apps that are based on Celo's blockchain platform and USD stablecoin. The open-source Celo platform is [...]
Josh Constine
January 29, 2020
TechCrunch
"We're trying to shift cryptocurrency from this speculative asset class to driving real world utility" Coinbase CEO Brian Armstrong tells me. How? Through commerce and micropayments. But now Coinbase has the who to build it. Today the startup announces it's hired away former Head Of Product for Indian ecommerce giant Flipkart and Google Shopping VP of [...]
Ingrid Lunden
November 21, 2019
TechCrunch
Software will eat the world, as the saying goes, but in doing so, some developers are likely to get a little indigestion. That is to say, building products requires working with disparate and distributed teams, and while developers may have an ever-growing array of algorithms, APIs and technology at their disposal to do this, ironically [...]
Josh Constine
November 18, 2019
TechCrunch
Venture capitalists often mutter, "I haven't seen anything I like lately." Founders frequently complain that "investors are back-seat drivers who won't get their hands dirty." A $55 million fund with a fresh approach is aiming to address both those issues. Steve Jang and Kanyi Maqubela are two exceedingly smart and sweet guys who couldn't help [...]
Gregory Barber
November 6, 2019
Wired
By holding particular cryptocurrencies in a Coinbase account, the exchange says you'll receive set returns independent of the market's spikes.
Josh Constine
October 4, 2019
TechCrunch
Physical storage-turned-rentals startup Omni is dealing with layoffs today, two sources familiar with the situation tell TechCrunch. Omni just shed seven operations team members. The startup is in talks to sell its engineering team to Coinbase after also receiving interest from Thumbtack. Omni's rental business was doing poorly without enough users paying a few bucks [...]
Romain Dillet
October 2, 2019
TechCrunch
Cryptocurrency exchange Coinbase wants to foster USDC adoption by letting you earn rewards when you keep USDC on your Coinbase account. Essentially, if you're a U.S. customer, your Coinbase account has become an uninsured savings account with a 1.25% APY rewards rate. If you're not familiar with USDC, it's a stablecoin backed by CENTRE, a [...]
Coinbase
September 17, 2019
www.prnewswire.com:443
SAN FRANCISCO, Sept. 17, 2019 /PRNewswire/ -- Coinbase Vice President Dorothy DeWitt has been named Director of the Division of Market Oversight at the U.S....
Lucas Matney
August 12, 2019
TechCrunch
Exchanges like Coinbase have ballooned in size by taking the mechanics of equity markets and fitting them to cryptocurrency markets, but as the space expands in its scope and craftiness, new exchanges trading asset classes native to cryptocurrency are taking off and attracting the attention of top Silicon Valley VCs. Oh, and Coinbase, too. Blade [...]
Jonathan Shieber
July 31, 2019
TechCrunch
Atari founder Nolan Bushnell once said that the best video games are easy to learn and nearly impossible to master. A related concept holds for building foundational consumer internet companies.
Romain Dillet
July 17, 2019
TechCrunch
Coinbase is taking advantage of its significant user base to give you more information about trading behavior and price correlation. Given that there are now 15 cryptocurrencies on Coinbase that you can trade, the new features should provide some signals. In addition to price and variation information, you can see what Coinbase customers with large [...]
Miles Goscha
May 17, 2019
TechNode
The deal could be worth around $50 million in cash with a contingent earn-out.
Romain Dillet
May 14, 2019
TechCrunch
Cryptocurrency exchange Coinbase is ramping up stablecoin support around the world. Customers can now trade USD Coin (or USDC for short) in 85 countries -- USDC support was only available in the U.S., excluding New York. You can trade USDC on both Coinbase and Coinbase Pro. The company has been aggressive when it comes to [...]
Catherine Shu
Invalid Date
TechCrunch
Last month, Coinbase's acquisition of blockchain analytics startup Neutrino was criticized because of the founders' ties to a controversial surveillance technology company called Hacking Team. Today Coinbase CEO Brian Armstrong said in a blog post that employees of Neutrino who had previously worke...
Storj Labs
Invalid Date
www.prnewswire.com:443
ATLANTA, Feb. 13, 2019 /PRNewswire/ -- Storj Labs, the leader in decentralized cloud storage, today announced that Katherine Johnson has joined its...
Romain Dillet
Invalid Date
TechCrunch
It's hard to believe that you still had to convert your BTC into USD in order to buy ETH on Coinbase. The company is finally adding direct cryptocurrency-to-cryptocurrency conversions. The feature works with Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin...
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