Coinbase is a digital currency exchange and wallet service.
Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. In addition, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.
Coinbase was launched in 2012 with a mission to create an open financial system for the world. It is operated from San Francisco, California. The company raised over $100M in funding from world’s leading investors including DFJ Growth, Andreessen Horowitz, Union Square Ventures, Ribbit Capital and NYSE.
Coinbase has partnered with JPMorgan Chase to provide integrated credit card services and allow Chase customers to convert rewards points to cryptocurrency starting in fall 2025.
Coinbase (COIN) stock has pulled back to the crucial $368 support level ahead of its Q2 earnings report on July 31.
Coinbase announced integration with Samsung Pay and Wallet services for US and Canadian users, enabling seamless cryptocurrency transactions without switching apps or re-entering payment information.