Coin
“Can a crypto exchange become the foundational financial infrastructure layer for the global digital asset economy?”
Founded2012
HQSan Francisco, California, United States
FoundersBrian Armstrong, Fred Ehrsam
Total raised$847.3M (pre-IPO)
Latest roundDirect Listing (IPO), April 14, 2021, Nasdaq: COIN
IndustryFintech / Crypto
The story
Founded in 2012 as a Bitcoin wallet and exchange, Coinbase expanded to become a broad crypto exchange and custodian offering buy, sell, stake, lend, and borrow services. The company went public in April 2021 via direct listing, marking a watershed moment for the crypto industry. Its product suite expanded from retail trading to institutional services (Coinbase Prime, Coinbase Custody) and developer infrastructure.
Last 12 months
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Product timeline
2012
Founded by Brian Armstrong and Fred Ehrsam as a Bitcoin wallet and exchange platform.· pivot
2021
Went public via direct listing on the Nasdaq Global Select Market under ticker COIN.· ipo
The stack
Accounting gap: none