Who is behind Coinbase? About investors.
For many users of the cryptoindustry, the fundamental parameter when choosing a platform for cooperation is the developers and investors of a particular site. This is not entirely correct approach, however, it has a right to exist. This is why many companies are considering publicly listing their own sponsors. One of these “open” firms is the digital platform Coinbase. Below we will share what is known about the individuals behind Coinbase. So read it carefully. So let’s get started.
Some statistics
First, let’s recap what Coinbase is. We understand that the majority of our readers are well aware of this largest company. However, it’s worth recalling that Coinbase generated $ 322 million in net profit over the past year. This is phenomenal money that is earned by honest labor for the good of the crypto industry. The functionality of the platform is used by millions, huge flows of money pass through it every day. All this allows the company to sell its own shares at $ 395 per share. It was at this price that the venture capital firm Andreessen Horowitz invested in the venture. Based on the published statistics, this investment giant has about 5.5 million shares of Coinbase at its disposal. Thus, Andreessen Horowitz has invested about $ 2.17 billion in the digital platform.
The information became known from the application for open registration and verification of assets, which will begin very soon. In the near future, Coinbase is obliged to provide information about its financial position, including information about investors.
Who else is investing in Coinbase?
The next largest holder of securities is the chief director of the organization. Coinbase CEO Brian Armstrong holds nearly 3 million Class A shares. He also holds a certain percentage of Class B securities. Recall that the difference between such assets is their purpose and the amount of fees. One of the founders of the organization, Fred Ehrsam, also has 2.6 million shares. At Coinbase, investors such as Surojit Chatterjee, who previously served as Google’s vice president, are prominent. Former vice president of Facebook, Paul Greval, is also listed as a shareholder. Investors include Katie Hawn, a cryptocurrency developer at Andreessen Horowitz. All these people work with Coinbase, they are investors in this famous platform. The capitalization of which, we recall, has already exceeded the $ 100 billion mark.
What conclusion can be drawn from the published information? Everything is very simple. If there are people who matter to the industry behind the company, you can trust it. This is logical, because not a single person with a decent reputation will invest in a dubious site. Thus, all doubts about the honesty and seriousness of Coinbase are swept aside. And if you attach importance not only to the functionality of the platform, but also to the people behind it, Coinbase is definitely worth taking a closer look at. Public listings are quite common. So, if in the near future another large company tells about the inflows of its funds, we will definitely share this information with you.
The main thing is to stay up to date with the news of the cryptoindustry. To have the latest information about all the events from the world of Blockchain and high technologies, follow the latest news with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!
