Coinbase, Exchanges

Is Coinbase a Prime Brokerage?

Coinbase is a digital asset exchange company headquartered in San Francisco, California. The company was founded in June 2012 by Brian Armstrong and Fred Ehrsam.

Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency.

Coinbase has been described as a digital wallet that allows users to store, spend, and receive bitcoins. The company has also been described as a bitcoin broker.

Coinbase allows users to buy and sell bitcoins through a variety of payment methods, including credit cards, debit cards, bank transfers, and PayPal.

NOTE: WARNING: Coinbase is not a prime brokerage, and therefore it may not be suitable for some investors. Investors should consult a financial advisor before making any investment decisions related to Coinbase. Additionally, Coinbase should not be used as a substitute for professional advice or services provided by qualified financial advisors.

In May 2015, Coinbase announced the launch of its US-based exchange. The exchange allows users to buy and sell bitcoins with USD.

Coinbase also offers an API for developers to build applications and accept payments in bitcoin.

Coinbase has raised $106 million in venture capital funding from investors such as Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. In January 2015, Coinbase raised $75 million in a Series C funding round led by Draper Fisher Jurvetson.

In October 2012, Coinbase received $5 million in Series A funding from Fred Wilson’s Union Square Ventures.

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