Coinbase Global, Inc, branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform.
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25 Facts About Coinbase
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2.
Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters.
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3.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam.
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4.
In May 2020, Coinbase announced it would shut its San Francisco, California headquarters and change operations to remote-first, part of a wave of several major tech companies closing headquarters in San Francisco in the wake of the COVID-19 pandemic.
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5.
Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer.
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6.
Coinbase is named after coinbase transactions, which are special transactions that introduce cryptocurrency into circulation in proof of work cryptocurrencies.
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In May 2016, the company rebranded the Coinbase Exchange, changing the name to Global Digital Asset Exchange.
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8.
In January and then March 2017, Coinbase obtained the BitLicense and licensed to trade in Ethereum and Litecoin from the New York State Department of Financial Services.
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9.
On February 23,2018, Coinbase told approximately 13,000 affected customers that the company would be providing their taxpayer ID, name, birth date, address, and historical transaction records from 2013 to 2015 to the IRS within 21 days.
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Coinbase was promoted to the role of president and chief operating officer in May 2019.
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On March 26,2018, Coinbase announced their intention to add support for ERC-20 tokens.
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12.
In January 2019, Coinbase stopped all trading on Ethereum Classic due to a suspicion of an attack on the network.
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13.
The acquisition raised concern among some Coinbase users based on Neutrino founders' connection to the Hacking Team, which has been accused of providing internet surveillance technology to governments with poor human rights records.
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Coinbase faced complaints by employees saying they were treated unfairly due to their race or gender.
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Coinbase initially responded in a blog post that it was confused for being singled out by the SEC, but later announced it had canceled the planned launch.
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Coinbase stated that it would utilize Agara's technology to automate its customer experience tools.
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19.
In October 2022, Coinbase entered into a partnership with Google Cloud Platform that would allow the latter's customers to pay for cloud services with cryptocurrencies supported by Coinbase Commerce.
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20.
Coinbase agreed to transfer its data-related applications from Amazon Web Services to Google Cloud.
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21.
Coinbase offers products for both retail and institutional cryptocurrency investors, as well as other related cryptocurrency products.
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22.
Coinbase operates as a remote-first company and has no physical headquarters.
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23.
Coinbase reported a net income of $322 million after posting a loss in 2019.
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24.
On February 16,2018, Coinbase admitted that some customers were overcharged in error for credit and debit purchases of cryptocurrencies.
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25.
In December 2021, CNBC reported that Coinbase froze the cryptocurrency GYEN due to a sudden price spike, resulting in many traders losing money.
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