Five] Te May 2013, the company received a US$Five million Series A investment led by Fred Wilson from the venture capital rock hard Union Square Ventures.

Coinbase is a digital currency exchange headquartered te San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Specie, Ethereum, and Litecoin with fiat currencies te around 32 countries, and bitcoin transactions and storage ter 190 countries worldwide.


Coinbase wasgoed founded te July 2011 by Brian Armstrong and Fred Ehrsam. [Trio] Blockchain.informatie co-founder Ben Reeves wasgoed part of the original founding team but zometeen parted ways with Armstrong due to a difference ter how the Coinbase wallet should operate. [Four] The remaining founding team enrolled ter the Summer 2012 Y Combinator startup incubator program. Ter October 2012, the company launched the services to buy and sell bitcoin through handelsbank transfers. [Five] Te May 2013, the company received a US$Five million Series A investment led by Fred Wilson from the venture capital rigid Union Square Ventures. [6] Te December 2013, the company received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures (USV) and Ribbit Capital. [7]

Ter 2014, the company 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. [8] [9] [Ten] Across 2014, the company also formed partnerships with Overstock, Dell, Expedia, Dish Network, Time Inc. to power accepting bitcoin payments. [11] [12] [13] [14] [15] The company also added bitcoin payment processing capabilities to the traditional payment companies Stripe, Braintree, and PayPal. [16]

Ter January 2015, the company received a US$75 million investment, led by Draper Fisher Jurvetson, the Fresh York Stock Exchange, USAA, and several banks. [17] Zometeen te January, the company launched a U.S.-based bitcoin exchange for professional traders called Coinbase Exchange. [Legal] Coinbase began to offerande services ter Canada te 2015, but ter July 2018, Coinbase announced it would halt services ter August after the closure of their Canadian online payments service provider Vogogo. [Nineteen]

Te May 2018, the company rebranded the Coinbase Exchange, switching the name to Global Digital Asset Exchange (GDAX) [20] and suggesting Ether, the value token of Ethereum, for trade to professionals, [21] and ter July 2018, they added retail support for Ether. [22]

Te January and then March 2018, Coinbase obtained the BitLicense and licensed to trade ter Ethereum and Litecoin from the Fresh York State Department of Financial Services (DFS). [23] [24] Te November 2018, Coinbase wasgoed order by the US Internal Revenue Service to report any users who had at least $20,000 te transactions ter a year. [25]

On February 23 2018, Coinbase told around 13,000 affected customers that the company would be providing their taxpayer ID, name, birth date, address, and historical transaction records from 2013-2015 to the IRS within 21 days. [26]

Coinbase has two core products: a Global Digital Asset Exchange (GDAX) for trading a multiplicity of digital assets on its professional asset trading verhoging, and a user-facing retail broker of Bitcoin, Bitcoin Specie, Ether, and Litecoin for fiat currency. [22] It also offers an API for developers and merchants to build applications and accept payments ter both digital currencies. Spil of 2018 [update] , the company suggested buy/sell trading functionality te 32 countries [27] , while the cryptocurrency wallet wasgoed available te 190 countries worldwide. [28]

Te March 2018 it wasgoed reported by Quartz that the number of monthly customer complaints against Coinbase, leaped more than 100% te January of that year, to 889, citing official Consumer Financial Protection Schrijftafel gegevens, with more than 400 of those categorized spil “money wasgoed not available when promised”. [29]

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