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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 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 30, 2021
Coinbase acquires skew, a UK-based data analytics firm in the digital asset sector.
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.
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Funding rounds

Acquisitions

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

Title
Author
Link
Type
Date

Coinbase Strategy Teardown: How Coinbase Grew Into The King Midas Of Crypto Doing $1B In Revenue

Web

January 25, 2018

Coinbase: The Heart of the Bitcoin Frenzy

Nathaniel Popper

Web

December 7, 2017

Documentaries, videos and podcasts

Title
Date
Link

The Coinbase Mission, Vision & Strategy

July 31, 2019

Companies

Company
CEO
Location
Products/Services

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.
BBC News
August 31, 2021
BBC News
Some users panicked after 125,000 emails were sent mistakenly warning of changed security settings.
Jim Salter
August 30, 2021
Ars Technica
The unexpected 2FA notifications led some customers to panic sell everything.
Omar Faridi
August 28, 2021
Crowdfund Insider
Crypto exchange Coinbase adds trading support for COTI, a protocol for decentralized payment networks, stablecoins.
Chris Metinko
August 27, 2021
Crunchbase News
As venture capital firms continue to flood the crypto and digital asset space with more money, a stampede of unicorns is emerging unlike anything the space has ever witnessed.
Richard Dal Porto
August 18, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Sarah Perez
August 14, 2021
TechCrunch
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. [...]
Erin Griffith
August 10, 2021
www.nytimes.com
Coinbase has shown that a large, profitable and legal business can be built to service the growing groups of people who want to use the digital currencies.
Walter Thompson
August 10, 2021
TechCrunch
Before you hire a marketing consultant who doesn't understand your products or commit to a CMO who has several years of experience -- but none in your sector -- consider influencer marketing.
Alex Wilhelm
August 10, 2021
TechCrunch
After the bell today, Coinbase reported another period of impressive results in its second quarter earnings report. During the quarter, Coinbase's total revenue reached $2.23 billion, which helped the company generate net income of $1.61 billion in the three-month period. The company benefited from a one-time line item worth $737.5 million, which stemmed from what [...]
Alex Wilhelm
August 10, 2021
TechCrunch
In celebration of Coinbase's earnings report today, investors poured a mountain of cash into one of the company's global competitors.
Omar Faridi
August 7, 2021
Crowdfund Insider
Ethereum (ETH) development to be supported in India with new decentralized applications (dApp) Bootcamp, will focus on women developers.
Liam Doyle
August 4, 2021
Express.co.uk
SHIBA INU is one of several cryptocurrencies that has rapidly increased its performance on the cryptocurrency market, following DOGE's example early this year. Experts don't believe the coin has much left in it, however, despite positive movements.
Omar Faridi
July 27, 2021
Crowdfund Insider
Digital asets firm Coinbase has reportedy apointed former Google Distinguished Engineer and Ex- Dropbox CTO as Fellow.
Alex Wilhelm
July 21, 2021
TechCrunch
A decline in consumer interest in the next few months or quarters is not a huge deal, assuming one keeps a long enough perspective and the crypto-infused future that its fans expect comes to pass.
Omar Faridi
July 18, 2021
Crowdfund Insider
Clover Finance (CLV), Mask Network (MASK) and Rally (RLY) tokens are now available for trading on Coinbase.
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References

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