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 will introduce perpetual-style crypto futures trading in the US on July 21, marking the first major exchange to offer such derivatives under full CFTC oversight with initial support for nano Bitcoin and Ether contracts.
Coinbase stock surged to a yearly high after Bernstein analysts cited its dominant position in the crypto industry and raised their price target to $510.
Coinbase has officially received its MiCA license from Luxembourg’s financial regulator, allowing the exchange to offer complete crypto services to 450 million EU residents across all 27 member states.