COIN
Coinbase
Market cap$40.1B
Updated - ago
Coinbase shares fell 7.55% over the 24-hour period to $137.79 amid broader crypto market weakness and negative sentiment following recent Q3 earnings.1
Coinbase Global, Inc. is a cryptocurrency exchange and digital asset platform headquartered in San Francisco that provides trading, storage, and infrastructure services for cryptocurrencies and blockchain-based assets. Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase has evolved from a simple Bitcoin exchange into one of the largest and most established platforms in the cryptocurrency ecosystem, offering services to retail investors, institutional clients, and developers. The company operates both consumer-facing retail trading platforms and institutional services including custody solutions, prime brokerage, and blockchain infrastructure through subsidiaries like Coinbase Cloud. Beyond exchange operations, Coinbase has expanded into various segments of the digital asset economy including merchant payment services, staking platforms, and decentralized finance integrations. As a publicly traded company on the NASDAQ under the ticker symbol COIN, Coinbase represents a significant bridge between traditional financial markets and the cryptocurrency industry, with revenues primarily derived from transaction fees on its trading platforms and subscription services. The company's business model is directly influenced by cryptocurrency market cycles and regulatory developments affecting the digital asset space globally.