Coinbase

Year: 2021
Creator: Brian Armstrong and Fred Ehrsam
Company: Coinbase
Location: San Francisco Bay Area (remote-first, with no headquarters, from May 2020)
Room: The Machine ↗

Description

Coinbase is a cryptocurrency exchange that Brian Armstrong and Fred Ehrsam started in 2012 to let people send and receive bitcoin easily. Its stock started to trade on Nasdaq on April 14, 2021, through a direct listing without an underwritten IPO.

Importance

Coinbase told investors in 2021 that its financial results depended on the growth of crypto assets. Marc Andreessen, a cofounder of Netscape, was a member of its board. In May 2020, Coinbase became a remote-first company with no headquarters, a contrast with the Palo Alto garage of Hewlett-Packard.

Interesting fact

On the cover of its 2021 registration statement, Coinbase wrote Not Applicable in the space for the address of its main offices.

Sources

Coinbase Global, Inc. Form S-1 registration statement ↗US Securities and Exchange Commission (EDGAR) · 2021-02-25
Coinbase company profile ↗Y Combinator · 2026
Coinbase Global, Inc. prospectus (Form 424B4) ↗US Securities and Exchange Commission (EDGAR) · 2021-04-14
Coinbase Global, Inc. Form 10-K for fiscal year 2021 ↗US Securities and Exchange Commission (EDGAR) · 2022-02-25