Coinbase

Coinbase is a US cryptocurrency exchange and crypto infrastructure company (per Wikipedia) serving retail, institutional and developer clients (per its own description).

Company facts (Wikipedia, secondary, accessed 2026-10-05)

• Founded June 2012 by Brian Armstrong and Fred Ehrsam; Armstrong is chair and CEO. Remote-first with no physical HQ as of 2025 (offices later leased in San Francisco and Charlotte).
• Public via direct listing on Nasdaq on 2021-04-14; added to the S&P 500 on 2025-05-19.
• Revenue: 2022 $3.19B,2023$3.11B, 2024 $6.57B.
• Acquisitions: Tagomi (2020), Agara (2021), Deribit (May 2025: $700Mcashplus$2.2B in Coinbase stock).
• Operates the Base network; reportedly present in more than 100 countries.
• 2026-05: reportedly laid off 14% of staff.

Products

Exchange and brokerage for spot, derivatives and other asset classes; custody and institutional services; crypto-as-a-service for partners; Base. Agent-related payments and wallets: see Agent wallets.

Sources

• https://en.wikipedia.org/wiki/Coinbase (secondary, accessed 2026-10-05)

Open items

• The earlier draft’s 2025 metrics (revenue $7.2B,volume$5.2T, subscriber and security figures, product counts) were unsourced and removed; re-add from the Q4 2025 shareholder letter. The investor-relations page could not be fetched.