Coinbase
Total VC to Date: $31.7m
Major Investors: Andreessen Horowitz, Union Square Ventures, Ribbit Capital
San Francisco-based Coinbase is one of the most popular companies in the bitcoin space. It’s sheer numbers prove it: Not only has the company raised over $30m in venture capital, it recently announced that it had surpassed the 650,000 users mark, an amount that has clearly accelerated in the past few months with the rise in BTC’s price.
The upward trend in price of BTC has corresponded in a rise in Coinbase users. Source: Coinbase Blog
The upward trend in price of BTC has corresponded in a rise in Coinbase users. Source: Coinbase Blog
Aiming to be the “Gmail of bitcoin”, Coinbase is a processor for both bitcoin merchants and the average user. Those with a US-based bank account can easily obtain BTC after going through the company’s verification procedures; as it stands today Coinbase is one of the easiest ways for people to convert USD into bitcoin in the United States.
