Coinbase is the United States' largest cryptocurrency exchange, trading, and storage platform. It is also the first cryptocurrency exchange to be listed on the New York Stock Exchange, supports up to 139 different cryptocurrencies (as of Jan 7, 2022). Coinbase's main purpose is to provide digital asset storage, transfer, and payment services, as well as digital asset lending.
Brian Armstrong and Fred Ehrsam created Coinbase in 2012 with $150,000 backed by Goldman Sachs.
The popularity of cryptocurrencies skyrocketed in 2018, prompting many people to consider purchasing Bitcoin. With 50 million members on the network and USD300 billion in trading volume quarterly that year, this was a watershed moment for the crypto exchange Coinbase.
Coinbase now has a customer base of over 73 million people all over the world. It is one of the world's leading liquidity platforms and leaders in the digital asset trading business, with a 12 percent stake in the global crypto market.