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 Polychain Capital, Tiger Global Management, Kingsley Advani, Wellington Management, Manhattan Ventures Partners and Andreessen Horowitz.

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 Section 32, Institutional Venture Partners, Battery Ventures, Spark Capital, Greylock Partners and Draper Associates.

July 7, 2016

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

December 12, 2013

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

May 7, 2013

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

September 12, 2012

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

Products

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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
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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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