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Coinbase is a digital currency exchange which enables the trading of Bitcoin , Ethereum and Litecoin cryptocurrencies , allowing users to exchange them with fiat currencies . The wallet allows users to trade in over 40 countries and to store currency in around 10 countries . Founded in 2012 , by the end of 2017 Coinbase had over 13mn users . It also offers an insurance policy to cover cryptocurrency saved on its server . To date , over $ 150bn worth of digital currency has been exchanged via the platform . MAY 2019