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What is Coinbase's business model for making money?

avatarGrimes SchultzNov 24, 2021 · 3 years ago1 answers

Can you explain in detail how Coinbase, one of the largest cryptocurrency exchanges, makes money?

What is Coinbase's business model for making money?
Coinbase
Business Model
Cryptocurrency

1 answers

  • avatarNov 24, 2021 · 3 years ago
    Coinbase's business model is focused on providing a secure and user-friendly platform for buying, selling, and storing cryptocurrencies. The company makes money primarily through transaction fees, which are charged when users buy or sell cryptocurrencies on the platform. Coinbase also offers premium services for institutional investors, such as Coinbase Custody and Coinbase Prime, which generate revenue through fees and commissions. Furthermore, Coinbase has expanded its revenue streams by introducing Coinbase Earn, a program that allows users to earn cryptocurrencies by completing educational tasks. Overall, Coinbase's business model is built around facilitating cryptocurrency transactions and providing additional services for both individual and institutional investors.

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