Coinbase
What it does
Coinbase is a publicly traded American cryptocurrency exchange platform (NASDAQ: COIN) founded in 2012 by Brian Armstrong and Fred Ehrsam. It is one of the largest crypto exchanges globally with over 110 million verified users. In Nigeria, Coinbase serves users primarily through its international platform and institutional custody services. Nigeria is consistently among the top African markets for crypto adoption, and Coinbase has shown interest in expanding into regulated African markets following Nigeria's SEC moves to license crypto exchanges. The company reported $6.6 billion in total revenue for 2024.
crypto-exchangecustody
Known for
- Publicly traded on NASDAQ (COIN) since April 2021
- Second-largest crypto exchange globally by volume
- Coinbase Base Layer-2 network (Ethereum L2)
- Coinbase Custody for institutional clients
- USDC stablecoin issuer (joint venture with Circle)
- Nigeria among top African crypto markets on the platform
Model & industry
Marketplace / Aggregator modelInvestment & Capital Markets
Products & subsidiaries
Coinbase Exchange · Crypto ExchangeCoinbase Custody · CustodyCoinbase Wallet · Crypto WalletBase · Blockchain L2USDC (USD Coin) · Stablecoin
Initiatives & programs
- Coinbase International Exchange: International exchange serving users outside the US, including Nigeria.
- Base: Coinbase's Ethereum Layer-2 network for cheaper, faster transactions.