U.S. Patent 10614430 was awarded to Coinbase, Inc. on 2020-04-07 and describes a “Instant exchange.” Coinbase is an American publicly traded company that operates a cryptocurrency exchange platform. This blockchain patent has been cited 3 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain. The abstract states:

A system and method for transaction bitcoin is described. Bitcoin can be sent to an email address. No miner’s fee is paid by a host computer system. Hot wallet functionality is provided that transfers values of some Bitcoin addresses to a vault for purposes of security. A private key of a Bitcoin address of the vault is split and distributed to keep the vault secure. Instant exchange allows for merchants and customers to lock in a local currency price. A vault has multiple email addresses to authorize a transfer of bitcoin out of the vault. User can opt to have private keys stored in locations that are under their control. A tip button rewards content creators for their efforts. A bitcoin exchange allows for users to set prices that they are willing to sell or buy bitcoin and execute such trades. Link to Full Patent

This patent was originally filed on 2015-03-17 which gives it an average processing time in the field. Coinbase, Inc. has 20 total patents. The first named inventor is Brian D. Armstrong of Beaverton, OR. The primary examiner was Rajesh Khattar. Coinbase was founded in June 2012 by Brian Armstrong.

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