Coinbase
| 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, the 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 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 reported more than 105 million registered users worldwide, including approximately 10.8 million monthly transacting users. The company’s valuation rose significantly alongside increases in Bitcoin prices, growing from approximately US$14.4 billion in 2023 to about US$55.4 billion in 2024.
By 2024, Coinbase had surpassed 100 million users and was recognized as the largest cryptocurrency exchange headquartered in the United States, 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 around 11 percent of all staked Ether.
Coinbase operates as a decentralized organization and does not maintain a traditional corporate headquarters. Following its transition to a remote-first operating model, the company stated that it no longer maintains a headquarters in any single city.