“There are about 1.8 billion people in the world that have a cell phone but don’t have access to any financial services” said Coinbase alum Brian Armstrong in a video published by Coinbase.
Armstrong had a vision to help people participate in the global economy. Coinbase was founded as a solution to make it easy for people to gain access to cryptocurrency for the first time.
You see, in the early days of crypto, exchanges were often difficult to figure out and had trust issues(Mt. Gox is one example). Coinbase wanted to be the first to fully comply with all U.S regulatory requirements and bring cryptocurrency to the mainstream.
Today, Coinbase is the largest U.S exchange and is even traded publicly on the Nasdaq.