Coinbase Exchange Overview | What is Coinbase Exchange

What is Coinbase?

Coinbase Exchange was founded in June 2012. It is one of the first established cryptocurrency exchanges all around the world. Coinbase’s vision is to bring innovations to its users that make it easier to access.

• As of May 5, 2022, Coinbase has 98 million users.
• Cooperate with more than 13,000 organizations and 230,000 ecosystems in more than 100 countries around the world.
• Q1 2022 revenue was $1.2 billion.
• Coinbase’s 24-hour trading volume is up to $67 billion (at the press time)

Who is the founder of Coinbase?

The Coinbase exchange was founded by Mr. Brain Armstrong. He has a background as a software engineer, with the desire to become an entrepreneur in the field of cryptocurrencies. In June 201, he founded Coinbase in San Francisco.

In the process of becoming the founder of Coinbase he had many website development projects but they were unsuccessful.

In 2010, Brian Armstrong saw the future development potential of Bitcoin and after 2 years Coinbase was founded.

In the early days, many experts advised that cryptocurrencies do not have the same reliability as Fiat currencies. However, under Brian’s leadership, Coinbase has developed and become one of the world’s leading cryptocurrency exchanges.

What is Coinbase’s ecosystem?

People who are new to Coinbase will have questions such as: What is Coinbase? How to make transaction on Coinbase? What are the products of the Coinbase ecosystem?

In this section, Ecoinomic.io will provide you with complete information to answer the above questions.

What is Coinbase? Coinbase is an application that can be used to buy, sell, store or trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin,…

What is the Coinbase Wallet? This is an application that allows investors to access decentralized cryptocurrency applications on the DApp browser.

What is NFT Coinbase? What is this marketplace for NFT collectors and traders.

What is Coinbase Prime? It is a trading platform dedicated to institutions.

What is Coinbase Card? This is a Visa credit card that allows users to use cryptocurrency.

What are the pros and cons of Coinbase?

Advantages of Coinbase

Transparency

Coinbase shares are listed on U.S. exchanges. This means that companies must file quarterly financial statements and are regulated by the U.S. Securities and Exchange Commission (SEC). From there, users can monitor Coinbase’s business performance on a regular and transparent way.

Supports multiple cryptocurrencies

Coinbase currently supports more than 150 cryptocurrencies, and this number will increase in the future.

High security

Encourage user education

In 2014, Coinbase also partnered with major companies such as Overstock, Dell, Expedia, Dish Network, and Time Inc.

In 2020, Coinbase made 322 million profits with total revenue for the year of nearly $1.3 billion.

On April 14, 2021, Coinbase launched an IPO on Nasdaq that quickly reached a Market Cap of $100 billion.