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 has been described as the most popular digital asset exchange in the world.
Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. Armstrong is a former software engineer at Airbnb and Ehrsam is a former Goldman Sachs trader. The company raised $75 million as part of a Series C funding round in December 2015.
The Series C funding valued the company at $460 million. In January 2018, Coinbase was reported to have hired Christine Sandler, a former New York Stock Exchange executive, as its head of institutional sales.
Coinbase allows clients to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin through a user-friendly interface. It also offers an API for developers and merchants to build applications and accept payments in both digital currencies.
As of May 2018, Coinbase had 7.4 million unique users across 32 countries.
Coinbase has been incredibly successful since its launch in 2012. The company has raised over $200 million from some of the biggest names in venture capital including Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. In 2017 alone, Coinbase added over 13 million new users which caused their revenue to skyrocket to $1 billion!
The company has also been expanding rapidly internationally and is now available in 32 countries around the world including the UK, Australia, Singapore, Canada, and more recently South Korea. All of this success has made Coinbase one of the most valuable startUPS in Silicon Valley with a valuation of over $8 billion!
Coinbase is definitely a legitimate company that has achieved massive success in a short period of time. The company is continuing to grow at an incredible rate and is quickly becoming the leading digital asset exchange in the world.