Bitcoin Regulation Comes to the U.S, Thanks to Coinbase
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Coinbase is a Bitcoin services firm that has raised $106 million to date in venture funding from a number of well-known investors, including Andreessen Horowitz and Union Square Ventures, as well as the New York Stock Exchange. Coinbase's most recent funding round was a $75 million Series C round announced on Jan. 20, led by DFJ Growth.
The new Coinbase Exchange offers the promise of being subject to "regular IT security and financial audits," according to its site. Coinbase did not respond to a request for comment from eWEEK by press time.
"We believe Coinbase Exchange will bring stability and trust to the exchange space," Coinbase stated in a blog post. "Coinbase Exchange provides a reliable and secure platform for Bitcoin trading that is backed by investors such as the New York Stock Exchange."