April 7, 21
What is Coinbase?
Coinbase is one of the most successful crypto exchange companies globally.
It all started when...
Brian Armstrong discovered the famous Bitcoin Whitepaper, encountered payment barriers for global transactions, and decided to create Coinbase.
Coinbase's first year
Already during the first year of existence (2012), Coinbase has received an investment of $30 million in total.
Coinbase was only becoming stronger
In 2013 Coinbase has acquired a blockchain of its own and gained safe storage for Bitcoin.
2014 - Coinbase's 3rd year
In 2014, 3rd year of Coinbase's existence, it had received an investment of $75 million and launched Bitcoin Exchange for professional traders in the U.S.
2015 & 2016 - Crypto Expansion Years
In 2015 Coinbase started supporting Ether and in 2016 the company acquired BitLicence, Ethereum, and Litecoin.
2017 - The Year of Giving Back
6 years of Coinbase's success was determined by its value - $8.1 billion. The same year Coinbase began investing in other crypto-related companies.
7 Isn't Always a Lucky Number
The 7th year of existence brought challenges to Coinbase. One of the biggest challenges was a sophisticated hacking attempt that was successfully stopped by Coinbase.
2020 & 2021 - Internal Commotion
Some employees from Coinbase were angered by the CEO's silence regarding the Black Lives Movement. It was addressed by Armstrong with an explanation that Coinbase is a mission-focused company. In addition, Armstrong announced the company's success in terms of remote work and the opportunity to attract top talent.
Although Coinbase is still considered to be a young company, its achievements are undeniable thanks to hard work and passion. We look forward to observing its next steps!
Thank you, and we hope you enjoyed it!