The Coinbase Exchange was the first cryptocurrency startup with an estimate above $ 1 billion

Coinbase’s cryptocurrency exchange was estimated at $ 1.6 billion, writes Forbes.

Thus, the company became the first cryptocurrency startup with an estimate of more than $ 1 billion. During the estimate of Coinbase, it attracted $ 100 million investments. The company invested several venture funds, including the Institute Venture Partners, which had previously invested on Twitter, Netflix and Snap.

Given these $ 100 million Coinbase in total received $ 217 million, among its earlier investors-the New York Stock Exchange.

Coinbase is one of the largest cryptocurrency exchanges. The company was founded in 2012.

According to Bloomberg, in 2016, during the “unprecedented growth” of the exchange, the platform users conducted operations with cryptocurrencies for more than $ 25 billion.