Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase also offers an API for developers and merchants to build applications and accept payments in both digital currencies.
As of 2016, Coinbase had 7.4 million users.
Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. It was one of the first bitcoin startUPS to receive funding from a major venture capital firm, Andreesen Horowitz. In May 2013, the company received a US$5 million Series A investment led by Fred Wilson from the venture capital firm Union Square Ventures. In December 2013, the company received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital.
In January 2015 Coinbase raised another US$75 million as part of a Series C funding round, again led by Fred Wilson from USV. The company’s last funding round was on August 2, 2016 which raised US$100 million led by IVP.