Coinbase is a digital currency exchange and wallet service.
Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. In addition, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.
Coinbase was launched in 2012 with a mission to create an open financial system for the world. It is operated from San Francisco, California. The company raised over $100M in funding from world’s leading investors including DFJ Growth, Andreessen Horowitz, Union Square Ventures, Ribbit Capital and NYSE.
Coinbase has faced backlash for accepting a $3 million investment from American financier and sex offender Jeffrey Epstein.
Coinbase partnered with Kalshi to roll out prediction markets across the United States, allowing users to wager on political, sports, and economic outcomes alongside crypto holdings.
The US crypto market structure bill is likely to be delayed until March, as sources said that the Senate Banking Committee is currently focusing on housing legislation.