As a result, Coinbase holds an awful lot of bitcoin in its own digital wallets. That’s just part of efficiently moving the currency to and fro — and at this point, it’s a rather risky thing. As the world struggles to come to terms with this very new creation, the value of the digital currency is extremely volatile, with prices shifting as much as 25 percent in a matter of minutes.
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At online retailer Overstock.com, for instance, Coinbase helps people buy stuff like patio furniture and smartphone cases using bitcoin. It lets online advertising outfit eZanga pay its partners in bitcoins. And it provides a service that lets people and businesses buy and sell the digital currency.
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