Guides to Cryptocurrency Exchanges
Founders: Brian Armstrong and Fred Ehrsam
Coinbase is a cryptocurrency exchange founded by Brian Armstrong and Fred Ehrsam in June 2012 and launched Coinbase Exchange, the First Regulated Bitcoin Exchange in the U.S on 26 January 2015. With its headquarters located in San Francisco, Coinbase expanded its business and was reportedly valued at around $8 billion in Oct 2018, putting its CEO, Brian Armstrong’s net worth at then to around $1.3 billion.
Coinbase’s CEO, Brian Armstrong labeled himself as a billionaire philanthropist and was reported by CNBC to be the first crypto billionaire to sign the Giving Pledge started by Bill Gates and Warren Buffett to donate the bulk of his net worth for philanthropic causes.
Coinbase, most well-known for its popular cryptocurrency exchange, allows its traders to buy cryptocurrency via direct transfer of fiat money from a bank account. Exchange rate will be locked down the moment order is placed but the purchased cryptocurrency will only be released after 4 business days.
Coinbase aimed to be the cryptocurrency exchange that provides traders with the easiest way to get started in trading with cryptocurrency, and the exchange was reportedly modeled to provide user interface experience similar to PayPal. Brian Armstrong commented that Coinbase was receiving and signing up 50,000 new users daily at the height of cryptocurrencies prices.