Bursa kripto terbesar di AS, dari mana sebenarnya uangnya, dan mengapa pendapatannya ikut berayun bersama pasar.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam, and listed directly on Nasdaq in April 2021 — the first major US crypto company to do so.
Its revenue splits in two, and the split matters. Transaction fees from trading are the headline, and they collapse in quiet markets because retail simply stops trading. Subscription and services — custody, staking, and notably the share of interest earned on USDC reserves — is smaller but far steadier, and management has spent years trying to grow it precisely because the trading half is unpredictable.
It behaves like a leveraged bet on crypto market activity, not on crypto prices as such: volume matters more than price level. Regulation is the other driver — Coinbase is the most compliant large US venue, which is a moat when rules tighten and a cost when they do not.
Versi tokenisasinya diperdagangkan di Solana sepanjang waktu, bukan hanya pada jam pasar AS. MarketRadar mendukungnya langsung dari dompet Anda sendiri — tanpa rekening broker, tanpa dokumen identitas, tanpa setoran minimum, dan posisinya diselesaikan on-chain ke alamat Anda.