Founded in 2012, Coinbase, Inc. is an American publicly traded company that operates the largest cryptocurrency exchange platform in the United States by trading volume. In April 2014, Coinbase, Inc. became a wholly owned subsidiary of Coinbase Global, Inc. following a corporate reorganization.

Coinbase designs products and services to meet the distinct needs of consumers, institutions, and developers. For consumers, it offers a primary financial account for the crypto economy, while institutions gain access to a full-service prime brokerage platform with deep liquidity across the crypto marketplace. Developers benefit from tools and products ...

Founded in 2012, Coinbase, Inc. is an American publicly traded company that operates the largest cryptocurrency exchange platform in the United States by trading volume. In April 2014, Coinbase, Inc. became a wholly owned subsidiary of Coinbase Global, Inc. following a corporate reorganization.

Coinbase designs products and services to meet the distinct needs of consumers, institutions, and developers. For consumers, it offers a primary financial account for the crypto economy, while institutions gain access to a full-service prime brokerage platform with deep liquidity across the crypto marketplace. Developers benefit from tools and products that integrate with the Coinbase ecosystem.

Its trusted platform serves as a compliant gateway to the on-chain economy, powered by critical infrastructure and blockchain technologies, including self-custody wallets, decentralized applications, and open community platforms. It enables users to discover, trade, stake, store, spend, earn, and transfer crypto assets globally, quickly, and securely.

At the end of 2024, assets traded on the platform—covering Bitcoin, Ethereum, Solana, other cryptos, and USDC—totaled $404 billion, up 162% from $191 billion in 2023. Consumer volumes rose 195%, representing 19% of total trading, while institutional trading—by market makers, asset managers, hedge funds, and others—grew 139%, accounting for the remainder.

Coinbase generates revenue from Transactions (63% of 2024 revenues) and Subscriptions & Services (37%). Transaction revenue, driven by trading volume, comprised 30% Bitcoin, 13% Ethereum, and 57% other assets; 86% came from consumers and 9% from institutions. Subscription and services revenue included Stablecoin (39%, up 31%), Blockchain rewards (31%, up 113%), Interest income (12%, up 42%), Custodial fees (6%, up 104%), and Other (12%, up 126%).

Monthly Transacting Users (MTUs) reached 8.4 million at year-end 2024, up 1 million year over year. Coinbase operates without a formal headquarters but earns over 80% of its revenue in the U.S. On May 19, 2025, Coinbase became the first and only U.S. crypto exchange to join the S&P 500 index.