Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.
Coinbase operates exchanges of Bitcoin (BitcoinSign.svg), Ethereum (Îž), Litecoin (Å) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Coinbase was founded in July 2, 2011 by Brian Armstrong & Fred Ehrsam. The company is headquartered in San Francisco, California with additional offices in New York, New York and London, UK.
Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. Coinbase are being used by 11M customers trust and more than 38k merchants accept bitcoin, ethereum, and litecoin through Coinbase.
Coinbase has two core products: a Global Digital Asset Exchange (GDAX) for trading a variety of digital assets on its professional asset trading platform, and a user-facing retail broker of Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, and Litecoin for fiat currency.
Coinbase also offers an API for developers and merchants to build applications and accept payments in both digital currencies. As of 2018, the company offered buy/sell trading functionality in 32 countries, while the cryptocurrency wallet was available in 190 countries worldwide. On March 26, 2018, Coinbase announced their intention to add support for ERC-20 tokens.
Coinbase is backed by prominent investors including Andreessen Horowitz, Tiger Global Management, Y Combinator, Draper Associates among others. Coinbase has acquired Kippt, Blockr.io & 8 other organizations as well as made two investments totalling a $4.4M to date.
Coinbase was valued a whopping $8B during their "Series E" funding of $300M on Oct 30, 2018.