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.
XRP has gained 30% over the past week, thereby becoming the third-largest crypto after Tether, and the second on Coinbase in trading volume after Bitcoin.
Ark Invest sold off $6.5 million worth of Coinbase shares, $5.8 million Robinhood shares, and $1.7 million Block Inc. shares amid a broader crypto market rally.
Coinbase has rescheduled its system upgrade for August 2, 2025, which will affect trades and transactions.