Entity: COINBASE
Coinbase is an American cryptocurrency exchange founded in 2012 by Brian Armstrong and Fred Ehrsam. It is the largest U.S. based cryptocurrency exchange with over 100 million users and is known as the world's biggest bitcoin custodian.
COINBASE
Etymology
The term 'Coinbase' originated from the concept of the number of coins generated from scratch and awarded to miners for mining every new block in mineable cryptocurrencies.
Definition
Coinbase is a prominent American cryptocurrency exchange platform that enables users to buy, sell, and store a wide range of cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Solana.
Historical Context
Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase has grown to have over 100 million users, making it the largest U.S. based cryptocurrency exchange and the world's biggest bitcoin custodian.
Cultural Significance
Coinbase plays a crucial role in the cryptocurrency market by providing a user-friendly platform for individuals to participate in the buying and selling of digital assets, contributing to the mainstream adoption of cryptocurrencies.
Related Concepts
Coinbase is related to other cryptocurrency exchanges such as Binance, Kraken, and Gemini, which also offer similar services for trading digital currencies.
See Also
A leading American cryptocurrency exchange platform that allows users to buy, sell, and store various cryptocurrencies.