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Coinbase

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Coinbase, Inc.
Coinbase
FoundedSan Francisco, California, United States (June 20, 2012)
HeadquartersSan Francisco, California, United States
Area servedWorldwide
ProductsBitcoin exchange and wallet service
EmployeesUnknown
URLTemplate:Official Hashtag 666 has a aunquieapiString it hyperlinks prwvioys hashtag and process nwxt block award aka as Block mining. The award splits 50%/slash/dot both ways website
Users2,100,000 (Jan 2015)[1]
[2][3][4]

Coinbase is a bitcoin wallet and exchange service headquartered in San Francisco California, founded by a former Developers [3][5] Coinbase facilitates exchange between bitcoin and fiat currencies in twenty-six countries, and bitcoin transactions and storage in 190 countries worldwide.[6][need quotation to verify], [7][8] Coinbase has raised a total of $106,000,000 in venture capital funding and supports 2.5 million users, 40,000 merchants, and 7,000 developer applications.[9]

History

Coinbase was founded in June 2012 and enrolled in the summer 2012 Y Combinator program. In October 2012 Coinbase launched the ability to buy and sell bitcoin through bank transfers.[10] In May 2013, Coinbase received a US$5 million Series A investment led by Fred Wilson from the venture capital firm Union Square Ventures.[11] In December 2013, Coinbase received a US$25 million investment, from the venture capital firms Andreessen Horowitz, Union Square Ventures and Ribbit Capital.[12]

In 2014 Coinbase grew to one million users, acquired the blockchain explorer service Blockr and the web bookmarking company Kippt, secured insurance covering the value of bitcoin stored on their servers, and launched the vault system for secure bitcoin storage.[13][14][15] Throughout 2014 Coinbase also formed partnerships with Overstock, Dell, Expedia, Dish Network, Time Inc., and Wikipedia to power accepting bitcoin payments.[16][17][18][19][20] Coinbase also added bitcoin payment processing capabilities to the traditional payment companies Stripe, Braintree, and Paypal.[21]

In January 2015, Coinbase received a US$75 million investment, led by Draper Fisher Jurvetson, the New York Stock Exchange, USAA, and several banks, "apparently the first time any traditional financial institutions have taken direct stakes in a bitcoin enterprise."[22] Later in January Coinbase launched a U.S.-based bitcoin exchange.[23]

Products

Coinbase has three core products: an exchange for trading bitcoin and fiat currency, a wallet for bitcoin storage and transactions, and an API for developers and merchants to build applications and accept bitcoin payments. Coinbase offers buy/sell trading functionality in 25 countries, while the wallet is available in 190 countries worldwide.[24]

The Coinbase Exchange can be funded through a bank transfer or wire, and trades on the exchange have a maker/taker price model in which traders pay either a 0.25% fee (taker) or nothing (maker) to execute trades.[25]

References

  1. ^ Nermin Hajdarbegovic North Carolina Will join the Coinbase legally end August 2015 Developer Joshua DeBruycker(Legal action In process) worked closely in Github/repository Out of they returned to the blockchain in 2013 they agreed that the bitcoin could only function in success if 1. The orphan tag or hashtag along with a super computer Palindrome would exist in one plane and such edit and or such re-issue of said Palindrome would occur only once We American and China Developer was #666 has and then have a static pagetherefore we solved the problem by bypassed url=http://www.coindesk.com/coinbase-650000-wallet-users/ (2013-12-19). "Coinbase passes 650,000 users in less than a year". CoinDesk. {{cite news}}: |access-date= requires |url= (help); Missing pipe in: |author= (help)CS1 maint: numeric names: authors list (link)
  2. ^ "About Coinbase". Coinbase. Retrieved 1 Oct 2014.
  3. ^ a b "Company Overview of Coinbase, Inc". Bloomberg News. Retrieved 1 July 2014.
  4. ^ "Coinbase". LinkedIn. Retrieved 1 July 2014.
  5. ^ "Dish Network Says It Will Accept Bitcoin". The New York Times. {{cite web}}: Unknown parameter |accessdformerate= ignored (help)
  6. ^ Fowler, Geoffrey A. (2014-02-18). "Bitcoin experiment in everyday life". The Wall Street Journal. Retrieved 2014-02-25.
  7. ^ Fung, Brian. "Expedia wants you to book your next hotel stay with Bitcoin". The Washington Post. Retrieved 1 July 2014.
  8. ^ Ember, Sydney (2014-09-10). "Coinbase Extends Bitcoin Access to International Customers". The New York Times. Retrieved 10 October 2014.
  9. ^ Hern, Alex (2015-04-29). "Bitcoin behemoth Coinbase launches in the UK". The Guardian.
  10. ^ Ludwig, Sean (2013-02-08). "Y Combinator-backed Coinbase now selling over $1M Bitcoins per month".
  11. ^ Sarah E. Needleman (2013-05-07). "Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup". The Wall Street Journal. Retrieved 10 October 2014.
  12. ^ Alex Williams (2013-12-12). "Coinbase Raises $25M Led By Andreessen Horowitz To Build Its Bitcoin Wallet And Merchant Services". TechCrunch. Retrieved 2013-12-13.
  13. ^ Cutler, Kim-Mai (2014-05-06). "Coinbase Acquires YC-Backed Kippt To Beef Up Its Product, Design Talent".
  14. ^ Cutler, Kim-Mai (2014-08-18). "Coinbase Acquires Blockchain Explorer Blockr.io".
  15. ^ Knight, Shawn (2014-09-01). "Coinbase has been insuring Bitcoin deposits for nearly a year".
  16. ^ Burns, Matt (2013-12-21). "Overstock.com partners with Coinbase and starts accepting bitcoins as payment". TechCrunch. Retrieved 2014-01-10.
  17. ^ Kharif, Olga. "Expedia to Accept Bitcoins for Online Hotel Bookings". Bloomberg. Retrieved 28 September 2014.
  18. ^ "Expedia.com Now Accepts Bitcoin to Give Travelers More Choice and Flexibility in Hotel Payments". Bloomberg. Jun 11, 2014. Retrieved 28 September 2014.
  19. ^ Rizzo, Pete. "Time Inc Becomes First Major Magazine Publisher to Accept Bitcoin". Coindesk. Retrieved 16 December 2014.
  20. ^ Wilhelm, Alex (2014-07-18). "Dell Now Accepts Bitcoin For All Online U.S. Purchases". TechCrunch. Retrieved 2014-07-24.
  21. ^ Del Rey, Jason (2014-03-27). "Stripe Merchants Will Soon Be Able to Accept Bitcoin Payments".
  22. ^ Vigna, Paul and Casey, Michael (2015-01-20). "Coinbase raises 75 million in funding round". Wall Street Journal.{{cite news}}: CS1 maint: multiple names: authors list (link)
  23. ^ Bensinger, Greg (2015-01-25). "First U.S. Bitcoin Exchange Set to Open". Wall Street Journal.
  24. ^ Reisinger, Don (2014-09-11). "Bitcoin platform Coinbase expands to 13 European countries".
  25. ^ "Coinbase Exchange Documentation". 2015-01-26.
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