Coinbase on Monday launched Coinbase Exchange, the first regulated bitcoin exchange in the U.S. The firm raised $75 million last week in a round of funding from new backers including DFJ Growth and BBVA Ventures, as well as existing investors Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Coinbase beat out Cameron and Tyler Winkelvoss, who are working on their own U.S.-based regulated bitcoin exchange, named “Gemini.” Coinbase Exchange debuted in 24 U.S. states, but the launch was bedeviled with problems.
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Coinbase Bitcoin Exchange Off to a Rocky Start
Posted by: Richard Adhikari January 26, 2015 04:55 PMCoinbase on Monday launched Coinbase Exchange, the first regulated bitcoin exchange in the U.S. The firm raised $75 million last week in a round of funding from new backers including DFJ Growth and BBVA Ventures, as well as existing investors Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Coinbase beat out Cameron and Tyler Winkelvoss, who are working on their own U.S.-based regulated bitcoin exchange, named “Gemini.” Coinbase Exchange debuted in 24 U.S. states, but the launch was bedeviled with problems.