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Coinbase Global, Inc. is an American technology company. [4] Founded in 2012 by Brian Armstrong, [1] it operates the largest U.S. based cryptocurrency exchange. [5] As of 2024, Coinbase has 108 million users and is the world's biggest bitcoin custodian, holding 12% of the total supply and managing over US$400 billion in digital assets.
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In June 2018, Paradigm was founded by Coinbase co-founder Fred Ehrsam and Sequoia Capital Partner Matt Huang. This came at a time during a cryptocurrency bubble burst where cryptocurrency prices dropped significantly. The duo founded the company to invest in cryptocurrencies and the companies. [2]
Coinbase's first wallet iteration was called "Toshi", named after Satoshi Nakamoto, which in turn is also the name of one of Brian Armstrong's cats. [ 11 ] [ 12 ] A 2018 funding round valued the company at $8.1 billion, and in December 2020, the company filed with the SEC to go public through a direct listing .
Coinbase One is a monthly subscription-based service that is designed for frequent Coinbase users who want to streamline the process of buying and selling crypto within the exchange.
(Reuters) -Coinbase said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered ...
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