Coinbase

cryptocurrency

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 16/02/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Coinbase is the easiest place to buy and sell crypto. Our mission is to create an open financial system for the world. For support: @CoinbaseSupport

MEDICI Analysis

Coinbase is a bitcoin wallet and platform where merchants and consumers can transact in bitcoin. The company offers an exchange for Bitcoins, payment gateway for online merchants to accept bitcoins, and also provides APIs for developers. As of April 2019, it claims to exchange $150 billion worth digital currencies and also providing services to 42 counties. Recently, Coinbase was selected for the 2019 Forbes Fintech 50 startups list.

Focus

PRODUCTS & SERVICES

The digital exchange platform helps users to buy & sell popular digital currencies; invest in digital currency slowly over time by scheduling buys daily, weekly, or monthly; store funds in a vault with time-delayed withdrawals, etc.

REVENUE MODEL

Coinbase makes money by charging users a 1% fee to convert dollars into and out of bitcoin.

MAIN CLIENTS

Dell

Expedia

PayPal

Square

Intuit

Overstock

EXISTING PARTNERSHIPS

Time Inc

Braintree

Traction

VALUATION / MARKET CAP:

$8 B in 2018

VALUATION COMMENT:

After the latest funding round, the company's valuation is at $8 billion. (Dec. 2018)

COMPANY TYPE:

For Profit

REVENUE

$10M+ in 2018

REVENUE COMMENT:

The company's annual revenue was $1.3 million in 2018.

ACTIVE USERS:

25 Million in 2019

ACTIVE USERS COMMENT:

The company has opened 25 million wallets for customers. (Feb. 2019)

TRACTION COMMENT:

$20 billion in digital currency exchanged. (Aug. 2017)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

9

TOTAL FUNDING

$471.6 M

DATE OF LAST FUNDING

Dec 2018

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company will use the funds to accelerate the adoption of cryptocurrencies, with plans to build infrastructure to support regulated fiat-crypto trading globally.

ESTIMETED REVENUE RANGE

$100M to $500M

SEED & PRIOR FUNDING

$600 K

SEED CLOSED ON

Sep 2012

FUNDING SERIES

SERIES A  · $6.11 M  · May 2013

SERIES B  · $25 M  · Dec 2013

SERIES C  · $10.5 M  · Jul 2016

SERIES D  · $108.1 M  · Aug 2017

SERIES E  · $300 M  · Oct 2018

SERIES F  · $21.29 M  · Dec 2018

SECONDARY MARKET  · $22 M · ---

LISTED

NO

company provided insights

Acquisitions

ACQUIREE NAME

Earn.com

ANNOUNCED DATE

Apr 2018

PRICE

$120 M

ACQUIREE NAME

Venovate

ANNOUNCED DATE

Jun 2018

PRICE

---

ACQUIREE NAME

Blockr.io

ANNOUNCED DATE

Aug 2014

PRICE

---

ACQUIREE NAME

Neutrino

ANNOUNCED DATE

Feb 2019

PRICE

---

ACQUIREE NAME

Bison Trails

ANNOUNCED DATE

Jan 2021

PRICE

---

ACQUIREE NAME

Tagomi

ANNOUNCED DATE

May 2020

PRICE

---

ACQUIREE NAME

Cipher Browser

ANNOUNCED DATE

Apr 2018

PRICE

---

ACQUIREE NAME

Digital Wealth

ANNOUNCED DATE

Jun 2018

PRICE

---

ACQUIREE NAME

Paradex

ANNOUNCED DATE

May 2018

PRICE

---

ACQUIREE NAME

Keystone Capital Corp.

ANNOUNCED DATE

Jun 2018

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

23,630,566

AVERAGE VISITS (6 MONTHS)

21,636,108.48

MONTHLY VISITS GROWTH

8.89%

VISIT DURATION

521

VISIT DURATION GROWTH

25.81%

PAGE VIEWS VISIT

6.21

PAGE VIEWS VISIT GROWTH

0.53%

BOUNCE RATE

38.26%

BOUNCE RATE GROWTH

-1.28%

GLOBAL TRAFFIC RANK

1,751

MONTHLY RANK CHANGE

-326

MONTHLY RANK GROWTH

-15.7%

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp