The entire Cryptocurrency market soared to its record levels
The cryptocurrency gold rush is all set to enter Wall Street as soon as tomorrow with Coinbase slated for its NASDAW debut. The large US Crypto exchange listing on Stock Market on Wednesday is considered a landmark victory for cryptocurrency advocates. With the positive news, the entire crypto market is extremely bullish on Tuesday’s trade.
Dogecoin spiked more than 25% and post a new All-Time High (ATH) of $0.096607. All other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) , ETC, Ripple 9XRP), Cardano (ADA) have also soared to record levels with BTC topping $63000 for the first time ever. ETH also reached a record high of $2324.
What is Coinbase ?
Started in 2012, Coinbase is most Cryptocurrency investors, retail or institutional, get their hands on assets such as Bitcoin, Dogecoin, or ETH, if they do not mine them.
Coinbase, founded by former Airbnb engineer Brian Armstrong and an ex-Goldman Sachs trade Fred Ehrsam, provides its customers with a trading platform where they can buy and sell different types of cryptocurrencies.
Coinbase has more than 43 million users right now and 7000 institutions use its platform for trading, according to the company’s SEC filling.
How does Coinbase earn revenue ?
The company generates revenue by charging a fee on all the transactions made using its platform. These fees usually varies from region to region and from currency to currency. Coinbase is available for use in over 100 countries including United States (USA), Canada, Italy, France, England, India and others while users in some countries can avail all services offered, elsewhere only a limited number of features are available as of now.