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Coinbase Announces 1,100 Layoffs as CEO Warns of ‘Recession’ and ‘Crypto Winter’

June 14 2022

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Coinbase

“Coinbase, the largest U.S. based crypto exchange, said it would be reducing its workforce by 18%, laying off approximately 1,100 employees after volatile crypto markets have lost more than $2 trillion in value since 2021. In a Tuesday morning blog post, Coinbase CEO Brian Armstrong announced the decision and warned of a recession and a looming crypto winter. […]

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Coinbase Verified Users Projected to Grow by 30% in 2021 to Hit Over 70 Million

June 23 2021

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Coinbase

“Coinbase has established a grip in the cryptocurrency space, remaining one of the attractive destinations for investors intending to take part in the digital currency space. Consequently, the exchange is expected to continue recording an influx of more users. According to data analyzed by Finbold , Coinbase verified users are projected to hit 72.8 million […]

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Coinbase launches its cryptocurrency Visa debit card in the US

October 28 2020

“Coinbase has announced that US customers can now join the waitlist for its Coinbase Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted. Coinbase claims it’s “the easiest, quickest way to spend your crypto worldwide.” Previously, the card was only available in Europe.”

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Coinbase becomes a Visa Principal Member to double down on debit card

February 19 2020

“Cryptocurrency company Coinbase has been working with Paysafe to issue the Coinbase Card , a Visa debit card that works with your Coinbase account balance. The company is now a Visa Principal Member, which should help Coinbase rely less on Paysafe and control a bigger chunk of the card payment stack. Coinbase says it is […]

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Coinbase and others invest $12.75M in project to create ‘digital security offerings’

November 26 2018

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Coinbase

“Coinbase, the $8 billion crypto exchange giant, is one of a bevy of big-name crypto investors backing a project aimed to revolutionize the U.S. securities industry using blockchain technology.”

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Coinbase and Circle announce the launch of USDC — a Digital Dollar

October 23 2018

“Each USDC is 100% collateralized by a corresponding USD held in accounts subject to regular public reporting of reserves. The underlying technology behind the USDC was developed collaboratively between Coinbase and Circle, in our capacity as partners and co-founders of the new CENTRE Consortium.”

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Coinbase Lets You Convert Your Tokens Into Gift Cards

July 25 2018

“It’s still quite hard to buy physical goods using bitcoins or ethers. Coinbase plans to (partially) solve that issue with a new partnership with WeGift. Coinbase customers in Europe and Australia can now convert their tokens on their Coinbase account into digital gift cards for popular stores. For instance, you’ll be able to buy gift cards for Uber, Tesco, Google […]

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Embracing decentralization at Coinbase

July 1 2021

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Coinbase

“The cryptoeconomy is still in its early stages, but it is clear that every year more and more economic activity will take place on crypto rails. Coinbase is the trusted bridge to the cryptoeconomy today, but we need to become the place people also go to actually participate in the cryptoeconomy. We’re seeing crypto quickly […]

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Now use your Coinbase Card with Apple Pay® and Google Pay™

June 1 2021

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Coinbase

“You can now use your Coinbase Card with Apple Pay and Google Pay to make it even easier to spend crypto¹ at home and on the go. Starting this week, we’ll invite select customers off the waitlist to begin earning up to 4% back in crypto rewards². If you’re already on the waitlist for Coinbase […]

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Goodbye Toshi, hello Coinbase Wallet — the easiest and most secure crypto wallet and browser

August 16 2018

“Today, we’re proud to announce that Toshi is becoming Coinbase Wallet. This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone. At Coinbase, we believe that the applications of the future will […]