Coinbase was founded in 2012 by Brian Armstrong (former engineer at Airbnb) and Fred Ehrsam (trader at Goldman Sachs). They wanted to provide users with an easy-to-use portal to buy and transact cryptocurrencies. At the time, Coinbase has become the largest cryptocurrency exchange in the US and succeeded in its mission.
Coinbase estimated total revenue of $1.8 billion during 2021’s first quarter to give you some financial details about its magnitude. On top of that, the crypto exchange caters to 56 million verified crypto users.
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