|Seed, 9/2012 |
|Venture Round, 10/2012 ||$166k|
|Series A, 5/2013 |
Union Square Ventures
Coinbase makes it easy for the average person and business to use the digital currency Bitcoin.
Coinbase lets any consumer to create a Bitcoin wallet and start buying/selling Bitcoin instantly by connecting their bank account.
In addition, Coinbase provides a series of merchant tools that support some of the most highly trafficked sites on the internet.
Coinbase processes the first $1,000,000 of merchant orders for free, with a simple 1% fee after that. Combined with no chargebacks by nature in Bitcoin, this provides significant savings to merchants who are paying 3% plus to credit card fees.