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Coinbase launches what it calls 'first regulated bitcoin exchange'
Coinbase launches what it calls 'first regulated bitcoin exchange'

Coinbase on Monday launched what it describes as the first regulated exchange for bitcoins in the U.S., providing a jolt of credibility to the virtual currency, which has struggled with slumping value and problems at exchanges overseas. The San Francisco company said its Coinbase Exchange platform is available to residents of 24 states and U.S. territories. The company said its goal is "to bring increased stability to the bitcoin ecosystem." Coinbase is a storage facility and a platform where merchants and consumers can make transactions in the digital currency, and a market where bitcoins can be bid on and traded. The company was cofounded in 2012 by Brian Armstrong, a...

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