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 CEO has publicly condemned a new DeFi market structure proposal from Senate Democrats, calling it a threat to innovation and the US crypto industry.
Coinbase extends staking access to New York residents, enabling rewards on Ethereum, Solana, and other assets following negotiations with state regulators.
Crypto exchange Coinbase has officially applied for the US OCC Federal Charter. This marks a further expansion of its business.