Coinbase is a leading digital currency exchange platform that allows users to buy, sell, store and manage various cryptocurrencies, including Bitcoin, Ethereum, Litecoin and many others. Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase has grown to become one of the largest cryptocurrency platforms in the world. The platform was created to make it accessible for both beginners and experienced users to participate in the world of digital currencies. Coinbase offers several features and services, including a mobile app, a secure online wallet for storing cryptocurrencies, advanced trading options through its dedicated Coinbase Pro platform, and the ability to earn interest on select cryptocurrencies. Coinbase prioritises security and compliance, implementing industry-leading security measures to protect users’ funds and personal information. The platform stores the majority of digital assets in secure offline storage, known as cold storage, to minimise the risk of hacking and theft, including two-factor authentication (2FA) for user accounts to add an extra layer of security. Beyond its core trading services, Coinbase has expanded its offerings to include Coinbase Commerce, a payment solution for merchants to accept cryptocurrencies, and Coinbase Earn, an educational platform that allows users to learn about various cryptocurrencies while earning tokens for completing quizzes and watching videos. Coinbase has played a significant role in bringing cryptocurrencies into the mainstream and helping to drive innovation within the digital currency ecosystem.
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