Coinbase
Coinbase is the consumer front door to the crypto industry — a public exchange (NASDAQ: COIN) serving 115M+ users, 260+ digital assets, and a full institutional suite through Coinbase Prime. The company went public in 2021 at a valuation that reset expectations for what crypto companies could be worth in public markets.
The Base L2 (launched 2023) has become the largest Ethereum L2 by daily activity, giving Coinbase a durable position not just as a venue but as protocol infrastructure. This move — from custodian to protocol operator — has proven strategically significant.
Coinbase remains one of the few crypto companies with a genuine consumer brand that survived every market cycle since 2012. The IPO in 2021 gave Oryon a full realized return on the pre-IPO growth investment.
The consumer front door to the industry. We supported the pre-IPO round.
Brian Armstrong
CEO & Co-FounderEmilie Choi
President & COOAlesia Haas
CFOL.J. Brock
Chief People Officer- 2012Founded by Brian Armstrong and Fred Ehrsam
- Q4 2019Oryon participates in pre-IPO round
- Apr 2021IPO on NASDAQ
- Q3 2023Base L2 launch
Public since 2021 (NASDAQ: COIN). Base L2 has become the largest ETH L2 by activity.
“The first public company that made the case for crypto as a legitimate financial category.”
— Wall Street Journal, 2021