This is the largest licensed exchange, registered in the USA, with its office located in San Francisco, California.
Established in 2012 by Brian Armstrong (current CEO) and Fred Ehrsam.
Since 2014, it has been partnering with Lloyd’s of London for asset insurance. There have been no recorded incidents of hacking throughout the operation of the exchange. On 14th April 2021, it became a public company by listing its shares on the stock exchange (NASDAQ: COIN).
The company publishes its financial reports. For 2022, the revenue reached $3.2 billion, with a net loss of $2.6 million. The company's year-end assets totalled $89.7 billion.
In August 2022, Coinbase announced a partnership with the world's largest investment company, BlackRock. In June 2023, BlackRock applied to the SEC to open the first spot Bitcoin ETF (not futures as before).
Coinbase Custody Trust Company will be the custodial service for the fund's crypto assets, while the cash assets will be held by the Bank of New York Mellon. Despite being licensed, Coinbase also has ongoing conflicts with the SEC. It has the highest security rating from cer.live – AAA.
