Coinbase Just Launched America's First Regulated Bitcoin ExchangeBacked by the NYSE, the thriving San Francisco startup beat the Winklevii to the punch and is now processing trades in 24 states.
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In a massive mainstream stride for bitcoin, Coinbase, a thriving San Francisco-based bitcoin services startup, today launched the first-ever regulatedbitcoin exchangein the U.S.
The popular bitcoin wallet provider and payments processor -- fresh off arecord-breaking Series C roundwith investments from the New York Stock Exchange, VC firms and large banks -- broke the historic news in theTheWall Street Journallate yesterday. The firm then formally announced its eponymous exchange, simply called Coinbase Exchange, this morning ina blog post.
Coinbase Exchange open for tradinghttp://t.co/nG1zriOBjz#bitcoinpic.twitter.com/r2qLQTxoyc
— Coinbase (@coinbase)January 26, 2015
The price of bitcoin neared $300 on the news overnight. It has since mellowed and is now trading around $279, according to the CoinDesk Bitcoin Price Index.
Related:New York Regulators Lay Out Tweaks to Bitcoin Rules
Following an aggressive five-month campaign, Coinbase's founders said that they successfully acquired "regulatory approval" from financial regulators in 24 U.S. states, including New York and California. Coinbase is working on winning approval in additional states as well.
"Our goal is to become the world's largest exchange," Coinbase co-founder and CEO Brian Armstrong told theJournal. In its blog post announcement, the company said it also aims to "bring stability and trust to the exchange space," both of which aren't in ample supply in the public following the fall of Mt. Gox and a rash of recent hacking incidents at several exchanges.
Coinbase在全球的影响力已大大交货pansive, having recently extending its bitcoin exchange services throughout 19 European countries. On the heels of its massive global expansion, the nearly three-year-old company hired former Senate adviser John G. Collins todrive public policyaround the controversial cryptocurrency.
Related:Bitcoin Named Worst-Performing Currency of 2014
"Coinbase will bring more stability to the bitcoin ecosystem and secure bitcoin trading for U.S.-based customers," a Coinbase representative told狗万官方. She also said SecondMarket, an online platform where private company stock can be traded, is already trading on the exchange and that Coinbase users in the 24 states that supportUSD walletscan begin trading immediately.
To stoke early adoption, Coinbase is offering customers two months of free trades. After March 30, exchanges will include a 0.25 percent commission fee.
Armstrong and Coinbase co-founder Fred Ehrsam beat Cameron and Tyler Winklevoss in the race to create the first-ever regulated Bitcoin exchange for American customers. The twin brothers, famous for their falling out with Facebook founder Mark Zuckerberg, only last weekrevealed their plansto build a Bitcoin exchange fittingly called Gemini.
Related:Operator of Bitcoin Stock Exchange Penalized By the SEC
