Leading bitcoin wallet company Coinbase announced yesterday it has launched a regulated bitcoin exchange, the first in the United States.
The company indicated that the goal of establishing the Coinbase Exchange was to bring increased stability to the bitcoin ecosystem.
Coinbase posted the following on its corporate blog:
Coinbase Exchange provides a reliable and secure platform for bitcoin trading that is backed by investors such as the New York Stock Exchange. If you are a Coinbase user in one of the 24 supported U.S. states or territories you can begin trading immediately on Coinbase Exchange. There will be no trading fees through March 30th, after which we will move to a maker-taker model. If you don’t already have a Coinbase account, you can sign up for one here.
We believe Coinbase Exchange will bring stability and trust to the exchange space and are excited that large institutions like the Trading Division of SecondMarket are already trading on the platform.
The news comes less than an a week after Coinbase revealed that it had closed a $75 million Series C investment round. In all, Coinbase has received $106 million in venture capital from DFJ Growth, Andreessen Horowitz, Union Square Ventures, Ribbit Capital, BBVA Ventures, the New York Stock Exchange (NYSE), and USAA.