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 board approved the move on Oct. 29, with 78.4% of voting power consenting to shift from Delaware to Texas.
Coinbase unveils a monthly token sales platform featuring algorithmic allocation to prevent concentration among large buyers, marking its first US-accessible sale since 2018.
The European arm of the Coinbase exchange is required to pay $24.7 million fine to the Central Bank of Ireland for failing in its obligation as a VASP in the region.