Coinbase, one of the world’s largest cryptocurrency enterprises, was valued at $85 billion last month when it went public. Coinbase makes it easy for customers to buy and sell digital currencies like Bitcoin, and it takes a cut of each transaction. It said Thursday that 56 million people were verified on its platform, up from 34 million a year earlier. Current and former employees have also said Coinbase has treated Black and women employees unfairly. This week, Coinbase said it was increasing compensation for its employees as it tried to stay competitive and reduce uncertainty.

Source: New York Times May 13, 2021 21:06 UTC