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.
The alleged Coinbase hacker from May’s $180-400M breach recently lost nearly $1M trading Ethereum, buying at $4,756 and selling at $4,522 per token within two days.
Coinbase hacker has acquired more Ethereum, as the price of coin climbs above $4,700 amid broader institutional investor embrace.
Coinbase has dragged the US SEC over the deletion of Gary Gensler’s text messages between October 2022 and September 2023.