Company description

Coinbase Global Inc. (COIN) is a leading cryptocurrency exchange and digital asset brokerage platform. Founded in 2012, the company has emerged as a pioneer in the rapidly growing cryptocurrency market, providing services to both retail and institutional investors. As of April 2021, Coinbase has a market capitalization of over $50 billion and over 56 million verified users, making it one of the largest and most trusted platforms for buying, selling, and storing various cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The company generates revenue through transaction fees and subscriptions, and has been profitable since its inception. In April 2021, Coinbase made headlines as the first major crypto platform to go public through a direct listing on the Nasdaq, further solidifying its position as a leader in the industry. Despite facing tough competition from other crypto exchanges, Coinbase's user-friendly interface, robust security measures, and wide selection of cryptocurrencies have cemented its reputation as a top choice for both novice and experienced cryptocurrency investors. With the rising adoption and acceptance of digital currencies, Coinbase is poised for continued growth and success in the ever-evolving world of cryptocurrency.