La Monica, Paul R. (June 3, 2021). “Dogecoin surges after Coinbase says some users can trade it”. Barrabi, Thomas (June 6, 2021). “Coinbase adds Dogecoin to platform amid surge in interest”. Miller, Shannon (February 13, 2022). “The 10 Best Super Bowl Ads of 2022”. AdWeek. The New York Times. Mittal, Apoorva; Mishra, Digbijay (April 10, 2022). “Coinbase India UPI Payments: Regulatory heat forces Coinbase to halt UPI payments in just three days”. The Guardian Nigeria News – Nigeria and World News. Yaffe-Bellany, David; Isaac, Mike (August 5, 2022). “The Humbling of Coinbase”.
Crypto Trading Company
The exchange operates as a remote-first company with no physical headquarters. Fred Ehrsam, a former Goldman Sachs trader, later joined as a co-founder after noticing Armstrong’s posts on Reddit. 8 In October 2012, the company launched the services to buy and sell bitcoins through bank transfers. In May 2013, Coinbase received a US$5 million Series A investment led by Fred Wilson from the venture capital firm Union Square Ventures. Armstrong enrolled in the Y Combinator startup incubator program and received a US$150,000 cash infusion. The company is named after coinbase transactions, which are special transactions that introduce cryptocurrency into circulation in proof of work cryptocurrencies. Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer.
Crypto Trading Platforms: Keep It Easy (And Stupid)
Lang, Hannah; Prentice, Chris (February 22, 2025). “US securities regulator to drop lawsuit against Coinbase, firm says”. Reutzel, Bailey (January 30, 2023). “Coinbase review: A crypto exchange for new investors and traders”. The New York Times. Paz, Javier (January 28, 2025). “The World’s Most Trustworthy Crypto Exchanges”. Yaffe-Bellany, David (February 22, 2025). “Big Day for Crypto Goes South in a Hurry After a Giant Hack”. Santoreneos, Anastasia (November 28, 2022). “Successful thinking: Coinbase founder Brian Armstrong”. Tse, Crystal; Roof, Katie; Kharif, Olga (April 15, 2021). “Coinbase Listing Puts Spotlight on Nasdaq As Bitcoin Booms”.
In December, the company received a US$25 million investment from the venture capital firm Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital. Olaf Carlson-Wee, a graduate from Vassar College, was hired as the first employee in the same year. In 2014, Coinbase grew to one million users, acquired the blockchain explorer service Blockr and the web bookmarking company Kippt, secured insurance covering the value of bitcoin stored on their servers and launched the vault system for secure bitcoin storage.
The company reported a net loss of US$1.1 billion in the second quarter of 2022, a record for Coinbase. As of 2025, Coinbase is the world’s largest custodian of bitcoin, holding over 12% of all bitcoin in existence. It also holds over 11% of all staked Ether. Earlier, from 2018 to 2023, the company received an “F” rating from the bureau due to poor customer service. Other digital assets like solana. In its 2024 annual report, the company said it was managing digital assets worth US$404 billion on its platform. Coinbase has been described as a conservative and law-abiding cryptocurrency exchange, in comparison to its peers in the sector. Common customer complaints included being locked out of their accounts despite providing the required information for reinstatement, as well as finding it “nearly impossible” to reach support when assistance was needed.