Just recently it has been voiced that a well-known Crypto exchange Coinbase is starting to prepare for going for an IPO. Though there is no official confirmation, we can already say that if it is true, it will be a very important milestone not only for the exchange but for the entire crypto world in […]
Review What is Crypto Exchange Coinbase?
Launched in 2012 and based in San Francisco, California – Coinbase is an exchange broker that facilitates the buying and selling of cryptocurrencies. Led by CEO Brian Armstrong, Coinbase is often used by inexperienced investors that are looking to purchase cryptocurrencies for the first time, not least because the platform supports everyday payment methods such as debit/credit cards, bank transfers, and even PayPal.
To illustrate just how big Coinbase has become, the platform claims to have signed up a surplus of 30 million customers since it launched in 2012, with more than $150 billion worth of cryptocurrency assets traded along the way. This has been further amplified by Coinbase’s international expansion, with the platform now supported in more than 103 countries worldwide.
There is often confusion as to whether Coinbase is a broker or an exchange, as the two terms are typically used interchangeably. In effect, they are both. On the one hand, the platform’s core brokerage services allow customers to buy and sell cryptocurrencies directly from Coinbase. However, as the company also offers a more traditional exchange platform too – Coinbase Pro, it effectively operates as both a broker and an exchange.