Coinbase Global, Inc., Under The Brand Name Coinbase, Is A Publicly Traded Company Operating A Cryptocurrency Trading Platform In The United States Under The Ticker Symbol "COIN".
Coinbase Supports Over 100 Countries With Quarterly Trading Volume Of Up To $185 Billion; It Is The Largest Cryptocurrency Exchange In The United States In Terms Of Trading Volume.
Coinbase Was Founded In 2012 By Brian Armstrong, A Former Airbnb Engineer, And Fred Ehrsam, A Former Goldman Sachs Trader.
Brian Armstrong Is Currently The CEO Of The Company. He Graduated From Rice University In Texas With A Bachelor's Degree In Economics And Computer Science, Followed By A Master's Degree In Computer Science. Armstrong Started His Career At IBM, Where He Worked As A Software Developer, Then As A Consultant For Deloitte, Before Joining Airbnb As A Software Engineer.
Fred Ehrsam, Co-founder Of Coinbase Global, Attended Duke University In North Carolina And Earned A Bachelor's Degree In Computer Science (with A Minor In Economics). He Left Coinbase In 2017, But Still Retained His Seat On The Board. In 2018, He Co-founded Paradigm, An Investment Firm, With Others.
While Cryptocurrencies Can In Principle Guarantee Anonymous Transactions, Coinbase Transactions Are Not Anonymous: Registered Users Are Required To Provide Taxpayer Identification, And Transactions Are Reported To The IRS. In Addition, Although Coinbase Offers More Than 250 Different Cryptocurrencies To U.S. Customers In 2023, It Will Not Trade Monero And Other Cryptocurrencies With Enhanced Anonymity Protections Due To Compliance With KYC Requirements Of Anti-money Laundering Regulations.
Coinbase Offers Products For Retail And Institutional Cryptocurrency Investors, As Well As Other Related Cryptocurrency Products.
The Company's Products For Retail Traders Include:
- Coinbase, An App For Buying, Storing, And Trading Different Cryptocurrencies
- Coinbase Pro, A Professional Asset Trading Platform For Trading Digital Assets
- Coinbase Wallet, An App That Allows Customers To Access Decentralized Crypto Applications (dapps) Using A Dapp Browser
However, In June 2022, The Company Announced That It Would Phase Out Coinbase Pro And Allow All Original Users To Switch To The "advanced Trading" Feature In The Main App.
Offerings For Institutional Traders Include Coinbase Prime (a Trading Platform For Institutional Clients) And Coinbase Custody (a Custody Solution).
Coinbase Operates As A Remote-first Company With No Physical Headquarters. As Part Of Its Listing Filing With The SEC, The Company Reported Having 43 Million Verified Users, 7,000 Institutions, And 115,000 Ecosystem Partners In More Than 100 Countries.
The Coinbase Platform Holds Approximately $290 Billion Worth Of Assets Through 2024, Committing To Hold Client Assets At A 1:1 Ratio.
There Are Currently 265 Tradable Assets Supported By Coinbase, 416 Active Trading Pairs, And A 24-hour Trading Volume Of Up To 6B.
Fees Will Be Adjusted According To The User's Trading Volume, From The Minimum Threshold Of Less Than 10,000 US Dollars (Maker 0.6%/Taker 0.4%) To More Than 400 Million US Dollars (Maker 0.05%/Taker 0%). For Details, Please Refer To: Https://exchange.coinbase.com/fees
