Coinbase

Coinbase Global, Inc.
Company typePublic
IndustryCryptocurrency
FoundedJune 2012 (2012-06), in San Francisco, California, U.S.[1]
Founders
HeadquartersNo physical offices[a]
Area served
100+ countries
Key people
Products
RevenueDecrease US$3.11 billion (2023)
Negative increase US$−162 million (2023)
Increase US$94.9 million (2023)
Total assetsIncrease US$207 billion (2023)
Total equityIncrease US$6.28 billion (2023)
OwnerBrian Armstrong (19%)
Number of employees
3,416 (2023)
WebsiteOfficial website Edit this at Wikidata
Footnotes / references
  1. ^ Legal address at Corporation Trust Center
[2][3]

Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work. It is the largest cryptocurrency exchange in the United States in terms of trading volume.[4] The company was founded in 2012 by Brian Armstrong and Fred Ehrsam.[1] 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.[5][6][7]

Although cryptocurrencies can assure anonymous trade in principle, Coinbase trades are not anonymous: registered users are required to provide their taxpayer identification, and the transactions are reported to the IRS.[8][9] Also, although Coinbase offers more than 250 different cryptocurrencies to U.S. customers in 2023, it does not trade Monero and other cryptocurrencies with enhanced anonymity protection due to KYC requirements in accordance with anti-money laundering regulations.[10][11]

  1. ^ a b Matthew Leising (March 1, 2021). "Coinbase mafia shows how tight a circle holds sway over Bitcoin". The Japan Times. Archived from the original on May 7, 2022. Retrieved May 7, 2022.
  2. ^ "Coinbase Global, Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 15, 2024. Archived from the original on February 15, 2024. Retrieved February 15, 2024.
  3. ^ "Coinbase Global, Inc. 2022 Proxy Statement (Schedule 14A)". U.S. Securities and Exchange Commission. April 20, 2022. Archived from the original on August 12, 2022. Retrieved August 12, 2022.
  4. ^ "Coinbase Expands Institutional Services With Tagomi Purchase". Bloomberg News. May 27, 2020. Archived from the original on April 14, 2021.
  5. ^ Cite error: The named reference hrdive1 was invoked but never defined (see the help page).
  6. ^ Murphy, Mike. "TaskRabbit to close its offices, go entirely remote". MarketWatch. Archived from the original on October 17, 2022. Retrieved May 27, 2022.
  7. ^ Kost, Ryan (May 23, 2022). "TaskRabbit to close all office locations, including S.F. headquarters, as it moves to remote work model". San Francisco Chronicle. Archived from the original on October 17, 2022. Retrieved May 27, 2022.
  8. ^ "Cryptocurrency's Myth of Anonymity". Wired. ISSN 1059-1028. Archived from the original on August 11, 2023. Retrieved August 14, 2023.
  9. ^ "Are Cryptocurrency Transactions Actually Anonymous?". CNET. Archived from the original on August 11, 2023. Retrieved August 14, 2023.
  10. ^ Dean, Jake (November 17, 2021). "The Bitcoin Competitor Beloved by the Alt-Right and Criminals". Slate. Archived from the original on September 8, 2023. Retrieved September 8, 2023.
  11. ^ Trumm, James F. (June 14, 2022). "How Does Coinbase Work?". Miami Herald. Archived from the original on April 21, 2024. Retrieved September 8, 2023.

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