There are a bunch of cryptocurrencies, but Bitcoin has captured the greatest share of public attention. The reason is simple: Its value has risen dramatically. When Coinbase first announced its intentions to go public in late , Bitcoin was worth almost half that amount. Bitcoin gained notoriety as a possible replacement for the U. This would be enabled by blockchain technology, which would account for all transactions and keep everything secure.
Why would you choose Bitcoin? Bitcoin as a replacement for governmental currency was the future Coinbase was talking about back in But by , those dreams had dimmed. Bitcoin had not become the primary means of exchange in the economy but rather an investment asset, like gold. This suggests Bitcoin has become more of an investment than anything else. Investors would flock to it when they had an appetite for risk, rather than use it as a direct form of money. Bitcoin has no intrinsic value, but then again neither does gold, and investors remain perpetually obsessed with that yellow metal.
A bet on Coinbase is, at least right now, a bet that Bitcoin will continue its rise as a speculative asset rather than a replacement for the almighty dollar. Was this article helpful? Invalid email address Submit Thank You for your feedback! Something went wrong. Please try again later.
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Select Region. United States. United Kingdom. Taylor Tepper. Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. How Does Coinbase Make Money? These include: Margin fee. Also known as the spread, Coinbase charges about 0.
The margin fee you end up paying depends on the change in price between when you get a price quote and when the order is actually completed. Coinbase Fee. This is a commission on all crypto transactions, charged in addition to the spread. How much you actually pay depends on your location and the total amount of your transaction. Coinbase has several other lines of business in addition to its exchange services.
Coinbase Commerce. This service provides online retailers with software that lets them accept cryptocurrency payments. Coinbase Card. Coinbase is in the early stages of giving its users a physical Visa debit card and an accompanying app to spend cryptocurrencies in the physical world by converting crypto to U.
Its value is tied to the U. How Much Is Coinbase Worth? Share your feedback. Send feedback to the editorial team. In pursuing a direct listing, Coinbase followed tech companies like Spotify, Slack, Palantir and Roblox, which helped standardize the process. Founded in as a way to simplify the purchase of bitcoin , Coinbase has emerged as the most popular crypto exchange in the U. The service now has 56 million users, up from 43 million at the end of and 32 million the year before that.
Coinbase is hitting the public market as a record amount of cash pours into cryptocurrencies and tech investors are thirsty for high-growth stories. Relative to those companies and others in the IPO pipeline, Coinbase's recent growth is unparalleled. The number of monthly transacting users MTUs climbed from 2. The company has said that its short-term performance will largely be determined by crypto prices.
In August, Armstrong was granted a multibillion-dollar performance award tied to the company's stock price, potentially letting him purchase up to 9. Skip Navigation. Investing Club.
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