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Author: Admin | 2025-04-28
Technology] is as if Google made Gmail for Bitcoin. That’s exactly how they described it”.The last round of Coinbase was estimated at $8.1 billion. The 31-year-old Ersam left the startup, but still remains its major shareholder, and also invests in companies that build payment systems for corporations on the basis of cryptocurrencies and blockchain.Rebranding and expandingLater in 2016 Coinbase announced the upcoming listing of Ethereum, and the exchange itself was waiting for rebranding — the platform received a new name and logo. According to the announcement of Coinbase vice president of business development Adam White, the name of the exchange was changed to GDAX (Global Digital Asset Exchange).There have been rumors of possible support for Ethereum on Coinbase for quite some time, but in March, when Ethereum founder Vitalik Buterin made a presentation at Coinbase headquarters, the company founders Brian Armstrong and Fred Ersam refused to confirm them.However, as White said, the Coinbase team has been watching the development of Ethereum for a long time and has been keeping abreast of all the latest developments, mainly due to conversations with Buterin, as well as drawing information from the press. According to him, Coinbase employees have participated in numerous Ethereum meetings as part of their research, but more attention was paid to the project only after Ethereum announced a partnership with Microsoft Azure platform.In January and then in March 2017, Coinbase obtained a BitLicense and a trading license for Ethereum and Litecoin from the New York State Department of Financial Services (DFS). In November 2017, Coinbase was instructed by the U.S. Internal Revenue Service to report all users who made transactions worth at least $20 000 per year.The last few yearsIn April 2018, Coinbase announced the creation of Coinbase Ventures, a venture fund focused on investments in companies related to blockchain and cryptocurrencies. Later Coinbase Ventures invested in Compound Labs, the startup focused on creating Ethereum-based smart contracts.Later Coinbase officially launched Coinbase Pro. This is a new interface that is created on top of the existing GDAX trading engine. The clients of this trading platform were not required to do anything, their balances and transaction history were automatically moved to the new platform. When an attempt is made to log on to the GDAX site, the new domain is automatically redirected.One of the latest controversial cases related to Coinbase is cooperation with the U.S. Secret Service. The exchange provides the agency with its analytical software to track transactions on the blockchain. Brian Armstrong explained in his Twitter account all the details of the partnership, but the news still caused a lot of criticism in the crypto community.According to the website USASpending.gov, which displays the state budget spending, Coinbase signed a contract
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