Coinbase, Exchanges

What Does Coinbase Global Do?

Coinbase Global is a digital asset exchange company headquartered in San Francisco, California. It operates 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 May 2018, the company had 24 million users.

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 trader at Goldman Sachs. In October 2012, the company launched the services to buy and sell bitcoin through bank transfers.

NOTE: WARNING: Coinbase Global is a cryptocurrency trading platform and digital asset exchange that operates in multiple countries around the world. It offers services for buying, selling, transferring, and storing digital assets such as Bitcoin, Ethereum, Litecoin, and more. While Coinbase Global may be a legitimate platform to use for trading cryptocurrencies, it is important to remember that cryptocurrency trading carries a significant risk of potential losses due to the unregulated nature of the market. Therefore, users should be aware of the risks involved before engaging in any cryptocurrency-related activities on Coinbase Global.

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 US$75 million as part of a Series C funding round led by Draper Fisher Jurvetson. The company’s fifth funding round in 2016 raised $100 million led by IVP.

In 2018, Coinbase hired Tina Bhatnagar as their new vice president of operations and technology. Bhatnagar was formerly the vice president of Twitter’s user services division.

Coinbase is one of the most popular cryptocurrency exchanges that allows you to buy & sell cryptocurrencies like Bitcoin, Ethereum, Litecoin etc. It has built a reputation for being one of the most reliable & secure platforms to date with industry-leading security measures.

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