What is Coinbase & how does it work?

Founded by Armstrong in 2012, Coinbase helps users buy, sell, and store cryptocurrencies, such as bitcoin and ethereum. His company has recently grew in popularity following the rise in interest of cryptocurrencies – particularly bitcoin, which has soared during the pandemic. Coinbase founder and CEO Brian Armstrong in a 2019 picture.

Who is Coinbase CEO Brian Armstrong?

This is the impact The billionaires club got bigger Wednesday with Coinbase CEO Brian Armstrong joining the coveted coven. He runs the cryptocurrency exchange company that went public at a valuation of about $100 billion. That turned Armstrong into an instant mega-billionaire: His roughly 40 million shares became worth about $16 billion.

Is Coinbase a publicly traded company?

Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work. It is the largest cryptocurrency exchange in the United States by trading volume.

What cryptocurrencies can you buy on Coinbase?

In a nutshell, Coinbase is a cryptocurrency exchange where you can buy popular coins like Bitcoin, Ethereum and Solana. Not every coin is supported on Coinbase, but there are more than 120 different types of cryptocurrencies on the platform. Meanwhile, there are thousands of different cryptocurrencies available worldwide.