With over 20 million users and market valuation of $8 billion, CoinBase is one of the most prominent cryptocurrency exchanges in U.S. Having grown leaps and bounds as a bitcoin wallet and retail exchange, Coinbase is also revered for its offerings including cryptocurrency custody, wallet services, and both retail and institutional trading platforms. Goes without saying, Coinbase is expected to flourish more when institutional usage of blockchain becomes more rampant.
Coinbase: Buy and sell cryptocurrency
The major-league among crypto-first financial firms, Coinbase is “the easiest place to buy, sell, and manage your cryptocurrency portfolio”, as the exchange puts it on their coinbase.com website. With more than $150B cryptocurrency exchanged across 42 countries by 20M+ customers, Coinbase is the most trusted cryptocurrency platform. At Coinbase, merchants and consumers can transact with new digital currencies such as bitcoin, ethereum, bitcoin cash, and litecoin, DAI being the latest addition.
A bit about Coinbase products
Coinbase Wallet allows users to keep their tokens securely at one place. The wallet not only enables users to send and receive crypto easily but can also be connected easily with decentralized apps, lending you the open financial system experience.
USD Coin (USDC)
USDC is a stable coin by Coinbase which can be redeemed for $1 USD against 1 USDC. Not only is its stable value and global transaction design a boon for traders but this USD-backed token also gives its users the power to transact across ethereum-compatible wallets and exchanges.
Introduced in 2018, Coinbase Earn allows Coinbase users to earn crypto by completing tasks, answering quizzes, and trying hands at new decentralized protocols. Similarly, Coinbase Earn enables asset issuers to teach people about how to utilize their new cryptocurrencies and blockchain technology.
Coined as the ‘Pro’, this product by Coinbase is for the most trusted and advanced cryptocurrency trading. It offers individuals the ability to trade a variety of digital assets on a secure, insurance backed platform. Industry-leading API, FDIC insurance protection and competitive fees make Coinbase Pro the world-class trading platform.
A qualified custodian and a fiduciary under NY State Banking Law, Coinbase custody provides crypto asset custody for institutions. Coinbase custody offers clients access to the secure, institutional-grade offline storage solution, in use by Coinbase’s exchange business since 2012.
With Coinbase commerce users can accept, bitcoin, bitcoin cash, litecoin, ethereum, and USDC free of cost within minutes. Users can tap into a global customer base without any middleman and chargebacks.
Coinbase in news
Coinbase recently opened DAI stable coin trading for its retail customers. Coinbase has not only added DAI on its website but also on its Android and iOS apps enabling users to buy, sell, convert, trade or store the stable coin.
Reports are doing rounds that Facebook is in talks with Coinbase to launch its own cryptocurrency called “global coin”.While Coinbase hasn’t confirmed anything officially, the move will help Facebook’s rumored stable coin to be pegged to the US dollar and be highly secure, tradable, and liquid.