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'''[https:// | '''[https://www.coinbase.com/en-in/about Coinbase Global, Inc.]''' (commonly known as '''Coinbase''') is a [https://www.analyticsinsight.net/cryptocurrency-analytics-insight/what-is-a-cryptocurrency-exchange-and-how-does-it-work cryptocurrency exchange] based in San Francisco, [https://www.britannica.com/place/United-States United States], North America. Founded in 2012, <sup>[https://www.swfinstitute.org/profile/5e39a5fefcbe7e8ca7271a68 1]</sup>the company was established by [https://www.forbes.com/profile/brian-armstrong/ Brian Armstrong], a former [https://www.airbnb.co.in/ Airbnb] engineer, and [https://www.forbes.com/profile/fred-ehrsam/ Fred Ehrsam], a former [https://am.gs.com/en-int/advisors Goldman Sachs] trader. | ||
Coinbase initially operated as a [https:// | Coinbase initially operated as a [https://www.analyticsinsight.net/cryptocurrency-analytics-insight/what-is-a-bitcoin-wallet-and-which-type-should-beginners-use Bitcoin wallet] before expanding its services to become one of the world’s largest <sup>[https://www.battery.com/blog/coinbase-case-study/ 2]</sup> cryptocurrency exchanges by 2021. The platform supports trading in multiple [https://www.investopedia.com/terms/d/digital-currency.asp digital currencies] and provides services for both retail and institutional investors across global markets. | ||
As of 2024, Coinbase | As of 2024, Coinbase has over 105 million users worldwide, with approximately 10.8 million active monthly [https://www.analyticsinsight.net/cryptocurrency-analytics-insight/crypto-traders-eye-blockdag-as-the-top-crypto-to-buy-now-following-coinbase-and-kraken-speculation traders]. The company’s valuation increased significantly alongside the rise in Bitcoin prices, growing from $14.4 billion in 2023 to $55.4 billion in 2024.<sup>[https://www.businessofapps.com/data/coinbase-statistics/ 3]</sup> | ||
It has over 100 million users and is the largest [https://coinmarketcap.com/rankings/exchanges/ cryptocurrency exchange] based in the United States, as of 2024, as well as the world’s largest [https://dictionary.cambridge.org/dictionary/english/custodian custodian] of Bitcoin. The company operates in more than 100 countries and manages approximately US$516 billion in [https://www.investopedia.com/terms/a/asset.asp assets], including nearly 12 percent of all existing Bitcoin and 11 percent of all staked Ether. <sup>[https://financialdata.net/stocks/COIN 4]</sup> | |||
Coinbase | Coinbase is a [https://www.analyticsinsight.net/defi/best-books-to-learn-decentralized-finance-defi-from-scratch decentralized] company with no headquarters. As we have transitioned to a remote-first environment, we realized that we no longer have a headquarters located in any single city.<sup>[https://www.coinbase.com/th/blog/coinbase-is-a-decentralized-company-with-no-headquarters 5]</sup> | ||
= History = | = History = | ||
=== 2012–2019: Origins and Initial Growth === | === 2012–2019: Origins and Initial Growth === | ||
Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader. Armstrong participated in Y Combinator and received US$150,000 funding. British programmer Ben Reeves was initially involved but left | Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader. Armstrong participated in [https://www.ycombinator.com/about Y Combinator] and received US$150,000 funding. British programmer [https://www.telegraph.co.uk/technology/2021/04/14/coinbase-row-cost-british-entrepreneur-billions/ Ben Reeves] was initially involved but left | ||
due to differences over wallet operations. The company is named after Coinbase transactions, which introduce cryptocurrency into circulation. Coinbase launched its platform for buying and selling Bitcoin via bank transfers in October 2012. In 2015, the company expanded its offerings with the introduction of Coinbase Exchange. | due to differences over [https://www.analyticsinsight.net/cryptocurrency-analytics-insight/top-10-non-custodial-crypto-wallets-for-2025 wallet] operations. The company is named after Coinbase transactions, which introduce cryptocurrency into circulation.<sup>[https://allmyoption.com/broker/coinbase/ 6]</sup> Coinbase launched its platform for buying and selling Bitcoin via bank transfers in October 2012. In 2015, the company expanded its offerings with the introduction of [https://www.analyticsinsight.net/cryptocurrency-analytics-insight/is-coinbase-still-the-best-exchange-for-us-traders Coinbase Exchange]. <sup>[https://www.businessmodelzoo.com/exemplars/coinbase/ 7]</sup> | ||
In May 2013, Coinbase secured a US$5 million Series A investment led by Fred Wilson of Union Square Ventures. Later, in December 2013, the company raised an additional US$25 million from Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. | In May 2013, Coinbase secured a US$5 million [https://www.investopedia.com/articles/personal-finance/102015/series-b-c-funding-what-it-all-means-and-how-it-works.asp Series A investment] led by [https://www.usv.com/people/fred-wilson/ Fred Wilson] of [https://www.usv.com/ Union Square Ventures]. Later, in December 2013, the company raised an additional US$25 million from [https://a16z.com/ Andreessen Horowitz], Union Square Ventures, and [https://www.ribbitcap.com/ Ribbit Capital]. <sup>[https://medium.com/@saidiyounes656/coinbase-was-founded-in-june-2012-by-brian-armstrong-and-fred-ehrsam-767d895d34d 8]</sup> | ||
In 2014, Coinbase reached one million users and expanded through acquisitions, including the blockchain explorer service Blocker and the web bookmarking company Kippt. The company secured insurance for bitcoin stored on its servers and launched the vault system for enhanced bitcoin storage security. During the same year, Coinbase partnered with Overstock, Dell, Expedia, Dish Network, and Time Inc. to facilitate bitcoin payments and integrated bitcoin payment processing with traditional payment platforms such as Stripe, Braintree, and PayPal. | In 2014, [https://www.analyticsinsight.net/cryptocurrency-analytics-insight/why-these-6-altcoin-pairs-are-at-risk-of-coinbase-delisting Coinbase] reached one million users and expanded through [https://dictionary.cambridge.org/dictionary/english/acquisition acquisitions], including the [https://www.analyticsinsight.net/blockchain/top-blockchain-companies-to-watch-out-for-in-2026 blockchain] explorer service Blocker and the web bookmarking company [https://www.ycombinator.com/companies/kippt Kippt]. The company secured insurance for bitcoin stored on its servers and launched the vault system for enhanced bitcoin storage security. During the same year, Coinbase partnered with Overstock, [https://www.dell.com/en-in Dell], Expedia, Dish Network, and [https://postalmuseum.si.edu/exhibition/america%E2%80%99s-mailing-industry-industry-segments-magazine-publishers/time-inc Time Inc]. to facilitate bitcoin payments and integrated bitcoin payment processing with traditional payment platforms such as [https://stripe.com/in Stripe], [https://www.paypal.com/us/braintree Braintree], and [https://www.paypal.com/in/business/accept-payments/invoice?locale.x=en_IN&utm_medium=google&utm_source=sem&utm_campaign=C13594&gad_source=1&gad_campaignid=23221353254&gbraid=0AAAAADmKHZwCwXe6EhmleO9TqZsDFVjin&gclid=Cj0KCQiA6Y7KBhCkARIsAOxhqtN0rLYSAwrRna9mrw3r16xuIaf4rMU4SbiOwrodcxNMOYXiHeuYP_EaAiNTEALw_wcB&gclsrc=aw.ds PayPal]. <sup>[https://www.cypherhunter.com/en/p/coinbase/ 9]</sup> | ||
In April 2014, Coinbase underwent a corporate reorganization, with Coinbase, Inc. becoming a wholly-owned subsidiary of Coinbase Global, Inc. The principal assets of Coinbase Global, Inc. consist of equity interests in Coinbase, Inc. In addition to Coinbase, Inc., Coinbase Global, Inc. owns several subsidiaries, including CB Payments Ltd, a UK-based company providing fiat payment processing services to international customers, and Coinbase Custody Trust Company, LLC, a New | In April 2014, Coinbase underwent a corporate reorganization, with Coinbase, Inc. becoming a wholly-owned subsidiary of Coinbase Global, Inc. The [https://www.lawinsider.com/dictionary/principal-assets principal assets] of Coinbase Global, Inc. consist of equity interests in Coinbase, Inc. In addition to Coinbase, Inc., Coinbase Global, Inc. owns several subsidiaries, including [https://paymentcb.com/ CB Payments Ltd], a [https://www.britannica.com/place/United-Kingdom UK]-based company providing [https://www.rapidinnovation.io/post/the-best-crypto-wallets-supporting-fiat-payments fiat payment] processing services to international customers, and Coinbase Custody Trust Company, LLC, a [https://www.britannica.com/place/New-York-City New York]–chartered trust company authorized to hold crypto assets in trust for institutional clients.<sup>[https://www.sec.gov/Archives/edgar/data/1679788/000162828021005373/coinbaseglobalincs-1a2.htm 10]</sup> | ||
In January 2015, Coinbase secured a US$75 million investment led by Draper Fisher Jurvetson, the New York Stock Exchange, USAA, and several banking institutions. Later that month, the company launched Coinbase Exchange, a U.S.-based Bitcoin trading platform | In January 2015, Coinbase secured a US$75 million [https://www.investopedia.com/terms/i/investment.asp investment] led by Draper Fisher Jurvetson, the [https://www.nyse.com/index New York Stock Exchange], USAA, and several banking institutions. Later that month, the company launched Coinbase Exchange, a U.S.-based Bitcoin trading platform | ||
<small><sup>1</sup>Sovereign Wealth Fund Institute, “Sovereign Wealth Fund Institute”, [https://www.swfinstitute.org/profile/5e39a5fefcbe7e8ca7271a68 Achieved]</small> | |||
<small><sup>2</sup>Battery Ventures, “Coinbase, a platform for accessing the crypto economy”, [https://www.battery.com/blog/coinbase-case-study/ Achieved]</small> | |||
<small><sup>3</sup>Business of Apps, “Coinbase Revenue and Usage Statistics (2025)”, [https://www.businessofapps.com/data/coinbase-statistics/ Achieved], Retrieved November 2025</small> | |||
<small><sup>4</sup>Financial Data, “Coinbase Global, Inc. (COIN)”, [https://financialdata.net/stocks/COIN Achieved]</small> | |||
<small><sup>5</sup>Coinbase Blogs, “Coinbase is a decentralized company, with no headquarters”, [https://www.coinbase.com/th/blog/coinbase-is-a-decentralized-company-with-no-headquarters Achieved], Retrieved February 2021</small> | |||
<small><sup>6</sup>All My Opinion,“Coinbase Review ”, [https://allmyoption.com/broker/coinbase/ Achieved]</small> | |||
<small><sup>7</sup>Business Model Zoo, “Coinbase”, [https://www.businessmodelzoo.com/exemplars/coinbase/ Achieved]</small> | |||
<small><sup>8</sup>Medium, “Post”, [https://medium.com/@saidiyounes656/coinbase-was-founded-in-june-2012-by-brian-armstrong-and-fred-ehrsam-767d895d34d Achieved], Retrieved December 2016</small> | |||
<small><sup>9</sup>Cypher Hunter, “Coinbase” [https://www.cypherhunter.com/en/p/coinbase/ Retrieved]</small> | |||
<small><sup>10</sup>US Securities and Exchange Commission, “Official Statement”, [https://www.sec.gov/Archives/edgar/data/1679788/000162828021005373/coinbaseglobalincs-1a2.htm Achieved]</small> | |||
Revision as of 05:34, 22 December 2025
| Coinbase Global, Inc. | |
|---|---|
|
| |
| Company type | Public |
| Traded as | Nasdaq: COIN (Class A) S&P 500 component |
| ISIN | US19260Q1076 |
| Industry | Cryptocurrency |
| Founded | June 2012; in San Francisco, California, United States |
| Founders | Brian Armstrong |
| Headquarters | San Francisco |
| Area served | 100+ countries |
| Key people | Brian Armstrong (Chair, CEO) Emilie Choi (President, COO) |
| Products | Cryptocurrency exchange services |
| Revenue | Increase US$6.56 billion (2024) |
| Operating income | Increase US$2.31 billion (2024) |
| Net income | Increase US$2.58 billion (2024) |
| Total assets | Increase US$22.5 billion (2024) |
| Total equity | Increase US$10.3 billion (2024) |
| Owner | Brian Armstrong (19%) |
| Members | 108 million (2023) |
| Number of employees | 3,772 (2024) |
| Website | coinbase.com |
| Footnotes | [2][3] |
Coinbase Global, Inc. (commonly known as Coinbase) is a cryptocurrency exchange based in San Francisco, United States, North America. Founded in 2012, 1the company was established by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader.
Coinbase initially operated as a Bitcoin wallet before expanding its services to become one of the world’s largest 2 cryptocurrency exchanges by 2021. The platform supports trading in multiple digital currencies and provides services for both retail and institutional investors across global markets.
As of 2024, Coinbase has over 105 million users worldwide, with approximately 10.8 million active monthly traders. The company’s valuation increased significantly alongside the rise in Bitcoin prices, growing from $14.4 billion in 2023 to $55.4 billion in 2024.3
It has over 100 million users and is the largest cryptocurrency exchange based in the United States, as of 2024, as well as the world’s largest custodian of Bitcoin. The company operates in more than 100 countries and manages approximately US$516 billion in assets, including nearly 12 percent of all existing Bitcoin and 11 percent of all staked Ether. 4
Coinbase is a decentralized company with no headquarters. As we have transitioned to a remote-first environment, we realized that we no longer have a headquarters located in any single city.5
History
2012–2019: Origins and Initial Growth
Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader. Armstrong participated in Y Combinator and received US$150,000 funding. British programmer Ben Reeves was initially involved but left
due to differences over wallet operations. The company is named after Coinbase transactions, which introduce cryptocurrency into circulation.6 Coinbase launched its platform for buying and selling Bitcoin via bank transfers in October 2012. In 2015, the company expanded its offerings with the introduction of Coinbase Exchange. 7
In May 2013, Coinbase secured a US$5 million Series A investment led by Fred Wilson of Union Square Ventures. Later, in December 2013, the company raised an additional US$25 million from Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. 8
In 2014, Coinbase reached one million users and expanded through acquisitions, including the blockchain explorer service Blocker and the web bookmarking company Kippt. The company secured insurance for bitcoin stored on its servers and launched the vault system for enhanced bitcoin storage security. During the same year, Coinbase partnered with Overstock, Dell, Expedia, Dish Network, and Time Inc. to facilitate bitcoin payments and integrated bitcoin payment processing with traditional payment platforms such as Stripe, Braintree, and PayPal. 9
In April 2014, Coinbase underwent a corporate reorganization, with Coinbase, Inc. becoming a wholly-owned subsidiary of Coinbase Global, Inc. The principal assets of Coinbase Global, Inc. consist of equity interests in Coinbase, Inc. In addition to Coinbase, Inc., Coinbase Global, Inc. owns several subsidiaries, including CB Payments Ltd, a UK-based company providing fiat payment processing services to international customers, and Coinbase Custody Trust Company, LLC, a New York–chartered trust company authorized to hold crypto assets in trust for institutional clients.10
In January 2015, Coinbase secured a US$75 million investment led by Draper Fisher Jurvetson, the New York Stock Exchange, USAA, and several banking institutions. Later that month, the company launched Coinbase Exchange, a U.S.-based Bitcoin trading platform
1Sovereign Wealth Fund Institute, “Sovereign Wealth Fund Institute”, Achieved
2Battery Ventures, “Coinbase, a platform for accessing the crypto economy”, Achieved
3Business of Apps, “Coinbase Revenue and Usage Statistics (2025)”, Achieved, Retrieved November 2025
4Financial Data, “Coinbase Global, Inc. (COIN)”, Achieved
5Coinbase Blogs, “Coinbase is a decentralized company, with no headquarters”, Achieved, Retrieved February 2021
6All My Opinion,“Coinbase Review ”, Achieved
7Business Model Zoo, “Coinbase”, Achieved
8Medium, “Post”, Achieved, Retrieved December 2016
9Cypher Hunter, “Coinbase” Retrieved
10US Securities and Exchange Commission, “Official Statement”, Achieved