As of this writing, Coinbase’s market cap exceeds $86 billion. (I won’t weigh in on the Wall Street aspects of this direct listing on Nasdaq; you can find that info online.) Quick facts: Coinbase is the largest cryptocurrency exchange. It trades under the ticker symbol COIN. It makes most of its money on trades involving Bitcoin (BTC) and Ethereum (ETH), but also lets you exchange about 50 other cryptocurrencies. Almost everyone you know who has a substantial amount of BTC or ETH has done at least a few trades on Coinbase.
As you well know, we’re in a crypto/NFT bubble right now. I’m not offering financial advice of any kind, but if you are going to start trading in crypto, Coinbase is far from the low-cost provider in the space. That said, don’t get into this without doing your homework. The fine print on crypto transactions is so small you can’t always see it.
Want to know more? Visit our Crypto Resources Page for useful links to the distributed ledger and blockchain ecosystem.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.