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Coinbase Global

Founders

Who Founded Coinbase?

Brian Armstrong, Fred Ehrsam · Founded 2012 · HQ today: Remote-first; San Francisco, California

Who founded Coinbase?

Coinbase was founded by Brian Armstrong, Fred Ehrsam in 2012 in San Francisco, California, United States. It is now led by Brian Armstrong.

Founders
Brian Armstrong, Fred Ehrsam
Founded
2012
Headquarters
Remote-first; San Francisco, California
Number of founders
2
Current CEO
Brian Armstrong (since 2012)
Where was Coinbase founded?
Coinbase was founded in San Francisco, California, United States in 2012. en.wikipedia.org
When was Coinbase founded?
Coinbase was founded in 2012.
Who started Coinbase?
Coinbase was founded by Brian Armstrong and Fred Ehrsam.
How old is Coinbase?
Coinbase is 14 years old as of 2026.

Founding Story

In 2012 Brian Armstrong, then a software engineer at Airbnb, was frustrated by how slow and costly it was to move money across borders. After reading the Bitcoin whitepaper he built a simple prototype for buying and storing bitcoin, joined Y Combinator's Summer 2012 batch, and connected with Fred Ehrsam, a former Goldman Sachs currency trader he met through an online Bitcoin forum. Their goal was to make bitcoin as easy to use as email.

Brian Armstrong

Co-founder 2012

Background

Brian Armstrong was born in 1983 in San Jose, California, and grew up in a technology-saturated household at the geographic heart of Silicon Valley's formative years. He earned degrees in computer science and economics, plus a master's in computer science, from Rice University, a dual degree that would prove uniquely suited to his eventual vocation. After graduating, Armstrong worked as a software developer at IBM before joining Airbnb as an early engineer, where he gained firsthand experience in the trust infrastructure required to build consumer financial transactions at scale. Time spent in Buenos Aires, Argentina, while running his earlier tutoring business exposed him to the effects of monetary instability, capital controls, and inflation on ordinary citizens, an experience he has cited as shaping his interest in Bitcoin.

Role at Coinbase Global

Brian Armstrong co-founded Coinbase in 2012 after reading the Bitcoin whitepaper and concluding that buying and storing bitcoin was too hard for ordinary people. He built the first prototype, took it through Y Combinator, and partnered with Fred Ehrsam, a former Goldman Sachs trader. Rather than avoid regulators, the pair raised money from mainstream venture firms such as Union Square Ventures and Andreessen Horowitz and sought state licenses early. Armstrong has been CEO since founding and chairs the board; he led Coinbase through its 2021 Nasdaq listing, the 2022 to 2023 crypto winter, the SEC lawsuit, S&P 500 inclusion in 2025 and the 14% restructuring in 2026. He also co-founded ResearchHub and the longevity biotech NewLimit and has signed the Giving Pledge.

Education: Bellarmine College Preparatory. Brian Armstrong was born in 1983.

Fred Ehrsam

Co-founder 2012

Background

Fred Ehrsam studied computer science and economics at Duke University and worked as a foreign exchange trader at Goldman Sachs, where he became interested in Bitcoin. He connected with Brian Armstrong through an online Bitcoin community in 2012, and the two co-founded Coinbase within months.

Role at Coinbase Global

Fred Ehrsam co-founded Coinbase with Brian Armstrong in 2012 and helped shape its early trading, banking and fundraising work. He stepped back from operations in January 2017 but has remained a member of Coinbase's board. In 2018 he co-founded Paradigm with Matt Huang, a crypto investment firm that has backed projects such as Uniswap and also invested in FTX before its 2022 collapse.

Fred Ehrsam was born in 1988.

Coinbase Global: CEO & Leadership History

Full timeline →

Paul Grewal

Chief Legal Officer

2020 – Present

As Chief Legal Officer, he fiercely defends the massive exchange against existential SEC lawsuits claiming that Coinbase operates as an unregistered securities broker.

Emilie Choi

President and Chief Operating Officer

2018 – Present

As President and Chief Operating Officer, she manages the day-to-day operations and spearheaded the company's massive international expansion amid a severe US regulatory crackdown.

Alesia Haas

Chief Financial Officer

2018 – Present

As CFO, she successfully diversified the company's massive cash reserves, generating significant interest income from USDC stablecoin reserves as trading volumes plummeted.

Brian Armstrong

Co-Founder and Chief Executive Officer

2012 – Present

Co-founded Coinbase in 2012 and has led it as CEO ever since, taking it from a Y Combinator bitcoin wallet to a Nasdaq-listed, S&P 500 crypto exchange and infrastructure company. A Rice University computer science and economics graduate who previously worked at IBM, Deloitte and Airbnb, Armstrong led the 2021 direct listing, the 2022-2023 restructuring, the fight with the SEC, the Deribit acquisition and the May 2026 14% workforce cut aimed at an AI-driven, flatter organization. He also co-founded ResearchHub and NewLimit.

Fred Ehrsam

Co-Founder

2012 – 2017

Co-founded Coinbase in 2012 and brought trading experience from Goldman Sachs. He stepped back from operations in 2017, remains a Coinbase director, and co-founded crypto investor Paradigm in 2018.

Keep researching Coinbase

Who Founded Coinbase? FAQ

Who founded Coinbase in 2012?

Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam in San Francisco, California.

What was Fred Ehrsam's background and contribution to Coinbase?

Fred Ehrsam is an American entrepreneur and computer scientist who graduated from Duke University with a degree in Computer Science and Economics. Prior to co-founding Coinbase, Ehrsam was a foreign exchange (FX) trader at Goldman Sachs, bringing crucial financial markets knowledge to Coinbase's early exchange architecture.

What role did Y Combinator play in the founding of Coinbase?

Brian Armstrong joined Y Combinator's Summer 2012 batch with his Coinbase prototype, which let users buy bitcoin via U.S. bank transfers, and teamed up with Fred Ehrsam the same year.

What did Fred Ehrsam do after stepping down from day-to-day operations at Coinbase?

Fred Ehrsam stepped down from his executive role at Coinbase in 2017 but remained on the Board of Directors. In 2018, Ehrsam co-founded Paradigm alongside Matt Huang, building one of the world's premier crypto venture capital and research firms.

Who was the initial seed investor in Coinbase?

Y Combinator and early angel and seed investors funded Coinbase in 2012, followed by a $5 million Series A in May 2013 led by Union Square Ventures.

What was the founding vision of Coinbase in 2012?

The founding vision was to make Bitcoin as easy to purchase, store, and use as sending an email, simplifying the complex cryptographic command-line tools of early crypto into a clean, consumer-friendly web wallet.

What major institutional VC firm led Coinbase's Series B round?

Marc Andreessen and Chris Dixon of venture capital firm Andreessen Horowitz (a16z) led Coinbase's $25 million Series B financing round in December 2013, becoming one of the company's largest and most influential long-term institutional backers.

Are both co-founders still involved with Coinbase today?

Yes. Brian Armstrong is CEO and chairman, and Fred Ehrsam, who left day-to-day operations in 2017, still sits on Coinbase's board.

Who founded Coinbase?

It was founded by Brian Armstrong and Fred Ehrsam (a former Goldman Sachs trader). Together, they brought the perfect combination of Silicon Valley software engineering and Wall Street trading mechanics to the early, chaotic Bitcoin ecosystem.

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.