Coinbase

Bitcoin- 2015 and Beyond

Nick Tomaino, Business Development Manager

@NTmoney

2

Coinbase is the world’s premier bitcoin platform

Market Leader Experienced Team Top-tier Investors

1.6 million consumers36,000+ merchants

70+ employees with experience from

$31 million in venture capital raised

3

Developer PlatformMerchant Services

+ +

Consumer Platform

Coinbase makes bitcoin easy to use for consumers, merchants, and developers

Buy and sell bitcoin

1,600,000+ registered users

Payment processing

36,000+ merchants

Build applications

5,000+ applications

4

• 5,000,000+ users globally

• 1,600,000 Coinbase users

Coinbase user accounts6/4/12 11/10/12 4/18/13 9/24/13 3/2/14 8/8/140

200k

400k

600k

800k

1,000k

1,200k

1,400k

1,600k

6/4/12 11/10/12 4/18/13 9/24/13 3/2/14 8/8/140

5k

10k

15k

20k

25k

30k

35k

40k

45k

50k

1/3/09 2/17/10 4/3/11 5/17/12 7/1/13 8/15/140

20,000

40,000

60,000

80,000

100,000

120,000

1/3/09 2/17/10 4/3/11 5/17/12 7/1/13 8/15/140

50m GH/s

100m GH/s

150m GH/s

200m GH/s

250m GH/s

Coinbase merchant accounts

• 80,000+ merchants globally

• 35,000 Coinbase merchants

• 75,000+ daily transactions

• $100M in daily volume

• 200M gigahashes per second

Users

Merchants

Transactions

Computing Power

Bitcoin adoption is accelerating globally

5

Mainstream merchant adoption and regulatory rulings leading the way

• For taxpayers, IRS views

bitcoin as taxable property

Taxation

Recognition of value

• US Marshals auction off $18

million worth of seized bitcoin

• Regulators cautiously

welcoming of Bitcoin

innovation

6

New Behaviors

• Bitcoin enables

microtransactions, and other

new consumer behaviors

that aren’t possible with

existing payments networks

There is a passionate and rapidly growing community of consumers that prefers to use bitcoin

Privacy

• Like cash, bitcoin does not

require personally

identifiable information and

payment credentials

Convenience

• Two-click checkout and QR

code payment via mobile

are seamless consumer

experiences

• Merchants save between

3% and 8% using bitcoin,

and pass cost savings on to

consumers

Cost Savings

7

Bitcoin is programmable money native to the internet that enables new consumer behaviors

Public payments

Tipping

Cross-border crowdfunding

8

Micropayments is emerging as a primary consumer behavior on Coinbase

Coinbase Merchant Orders

• ~33% of total merchant orders on Coinbase are $1And below and 58% are $5 and below

$1.00 and below33%

$1.00 to $5.0025%

Over $1006%

Over $1006%

% of total Coinbase orders $1.00 and below

13%22%50%

Data as of September 19th, 2014

9

Continued innovation on top of the open protocol will lead Bitcoin into the mainstream

Open-source bitcoin node, launched September 16th

Multisig API, launched September 19th

Robust set of APIs for building bitcoin apps

10

Questions