Large crypto exchange Kraken is seeking additional funds to double its valuation to $10 billion, according to a Bloomberg report.
Coinbase is one of the veteran cryptocurrency exchanges. It was founded in June 2012 and since then allows its users to transact between FIAT and digital currencies. The company is based in San Francisco, USA.
Coinbase was established by Fred Ehrsam and Brian Armstrong, who’s also the current CEO. It has grown substantially since its launch, and it is currently the leading regulated US-based cryptocurrency exchange.
Apart from providing a platform for individuals, Coinbase also offers a solution for institutional investors. It’s called Coinbase Prime. The Prime platform offers more robust and complex trading tools, geared toward larger investors.
Besides, the company launched in 2018 a custody service, which provides its clients with an institutional-grade offline storage solution. It is also regulated by the New York Department of Financial Services (NYDFS) and operates as an independently capitalized entity.
It’s safe to say that Coinbase is working towards the establishment of an entire ecosystem where traders can purchase, store, and sell cryptocurrencies in a secure and regulated manner.
Recent Coinbase News
BTC's price could be headed for a price recovery as data suggests that institutional investors have withdrawn more than $650M
The largest US-based cryptocurrency exchange Coinbase has officially filed a registration statement on Form S-1 with the SEC to go
U.S. crypto exchange corporation Coinbase has made a rather incredulous claim that it has become decentralized simply because it no
Bitcoin prices have recovered somewhat since yesterday’s flash crash drove them into the ground temporarily, but metrics from Coinbase suggest
U.S. crypto exchange giant Coinbase has finally joined the party with staking on Ethereum 2.0, but like most things on
Coinbase BTC outflows to custody wallets are becoming the "strongest bullish signal" for the cryptocurrency, says CryptoQuant's CEO.
While admitting that institutions view BTC as a store of value, Coinbase's 2020 report also noted that Ethereum has attracted
Direct Public Offering instead of an Initial Public Offering: Coinbase prefers going public through a direct listing following the example
FinCEN allowed another 45 days for commenting on the proposed crypto regulations as Coinbase requests for a pause following Biden's