Coinbase is a digital asset exchange company founded in 2012. The company is headquartered in San Francisco.
Coinbase allows clients to buy, sell, and store digital assets, such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Coinbase also offers a suite of institutional products, such as its Custody offering and Prime brokerage services.
In May of 2019, Coinbase announced that it would be expanding its trading platform to include 24-hour trading for all clients. Prior to this announcement, only clients with a Coinbase Pro account had access to 24-hour trading.
The expansion of 24-hour trading was seen as a way to attract more institutional investors to the platform.
Coinbase has been growing rapidly since its launch in 2012. The company now has over 30 million clients and is available in over 100 countries.
Coinbase has raised over $520 million from investors, including Andreessen Horowitz, Union Square Ventures, and IVP.