Founded in 2017 by Miko Matsumura and Talip Ozturk, Evercoin initially launched as a non-custodial mobile cryptocurrency wallet and exchange application. The service allowed users to securely store and swap a variety of digital assets directly from their mobile devices, emphasizing security by integrating with hardware wallets like Ledger. In recent years, the company has pivoted its focus. The original mobile service is no longer operational, and the company's website now announces "Evercoin 2," a hardware wallet described as "The Hardware Wallet You Can Trust," which is currently in a "Coming Soon" status.