Coinbase is the currency exchange for digital cryptocurrencies which is situated in San Francisco in the United States of America. The Coinbase cryptocurrency exchange is instrumental in exchanging of cryptocurrencies such as Litecoin, Ethereum, Bitcoin Cash and Bitcoin against the fiat currencies in 32 of the nations of the world. The transactions in Bitcoin and the storage is also available for 190 of the countries which are spread geographically around the globe. The foundation of the Coinbase cryptocurrency exchange was laid in the month of July in the year 2011 by Mr. Fred Ehrsam and Mr. Brian Armstrong. The project was an incubator started in the summer of the year 2012.
Ultimately in October of the year 2012, the Coinbase currency exchange started up the services so that people may sell or buy the Bitcoins cryptocurrency through the banking transfer channels. In the year of 2014, the growth of company went up to almost a 1 million users when it acquired the Block service which is used for the exploration of the blockchain. It also went on and purchased another company Kippt and secured the insurance of the value of Bitcoin covered on its service, therefore, culminating in the launching of a system for safe and secure storage of the Bitcoin cryptocurrency. Primarily the Coinbase cryptocurrency exchange only trades in premium cryptocurrencies and till date, it has not allowed any of the non-premium cryptocurrencies such as Zcash to be traded over its platform.
However, there were talks and rumors in the financial domain regarding the acceptance of Zcash cryptocurrency over its platform due to the reason of Zcash being one of the few cryptocurrencies of having such high-end and privacy features. But, the talks could not become reality and till date, Zcash cryptocurrency is not traded over the Coinbase platform. It may also be possible that in future we might see Zcash being traded over the platform of Coinbase exchange as in recent years we have seen strong surging in the prices of Zcash as well as growing popularity among the masses regarding the Zcash cryptocurrency.
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