Coinbase makes it easy for the average person and business to use the digital currency Bitcoin. Coinbase lets any consumer create a Bitcoin wallet and start buying/selling Bitcoin instantly by connecting their bank account. In addition, Coinbase provides a series of merchant tools that support some of the most highly trafficked sites on the internet. Coinbase processes the first $1,000,000 of merchant orders for free, with a simple 1% fee after that. Combined with no chargebacks by nature in Bitcoin, this provides significant savings to merchants who are paying 3% plus to credit card fees.
*Based on Preferred Stock Price
Some data provided by Crunchbase
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