(1) (coinbase) The first transaction in a blockchain block. See
coinbase transaction.
(2) The largest cryptocurrency exchange located in the U.S. Introduced in 2012, Coinbase became a public company in 2021, which was the first IPO for a crypto exchange. With over 90 million customers in more than a hundred countries, Coinbase enables access to Bitcoin, Ethereum, Bitcoin Cash, Litecoin and many more digital currencies. See
crypto exchange and
cryptocurrency.
Coinbase Wallet
Coinbase is a centralized crypto exchange that maintains the user's assets similar to a bank savings account. However, the company also has a self-custody wallet that allows users to access other exchanges and take advantage of the world of decentralized finance (see
Coinbase Wallet).
Coinbase One
An optional subscription service, Coinbase One was launched in beta at the end of 2021. Coinbase One provides $1 million in account protection, 24/7 phone support and zero trading fees.
Coinbase Pro and Coinbase Prime
Coinbase Pro was designed for professional traders and provides charting tools similar to a stock trading platform. Originally debuting as the Global Digital Asset Exchange (GDAX) in 2016, GDAX was later renamed Coinbase Pro. Coinbase Prime is for institutions, trusts and high net worth individuals.
Coinbase Vault
The Vault is an optional security measure that Coinbase users can select. Withdrawals take longer however (see
Coinbase Vault).
Coinbase Sued by the SEC
In June 2023, the U.S. Securities and Exchange Commission sued Coinbase for operating as an unregistered securities broker for more than a dozen assets listed on its platform. Two of the assets are the Solana (SOL) and Filecoin (FIL) tokens. See
Solana and
Filecoin.