What Is Coinbase Exchange?
Coinbase Exchange is a US-based crypto trading and investment platform where users can easily buy, sell, exchange and store cryptocurrencies. The platform is intuitive and beginner-friendly with support for basic transactions, digital wallet, and PayPal withdrawals. For more advanced traders, Coinbase Pro offers more professional trade execution and lower fees. However, in June 2022, the company announced that Coinbase Pro will be phased out and all users will have access to the “Advanced Trade” feature on the main app.
Who Are the Coinbase Exchange Founders?
The project was established by former Airbnb engineer Brian Armstrong and former Goldman Sachs trader Fred Ehrsam in 2012.
Brian Armstrong is CEO of the company. He graduated from Rice University, Texas with a bachelor's degree in economics & computer science, and later received a master's degree in computer science as well. Armstrong began his career as a developer at IBM, worked as a consultant for Deloitte, and then joined Airbnb as a software engineer.
Co-founder of Coinbase Global, Fred Ehrsam attended Duke University in North Carolina and graduated with a bachelor's degree in computer science with a minor in economics. He left Coinbase in 2017, retaining his seat on the board of directors. In 2018, he co-founded cryptocurrency investment firm Paradigm.
When Did Coinbase Exchange Launch?
Coinbase Global, Inc. was established in June 2012 in San Francisco, California, U.S.
Where Is Coinbase Exchange Located?
The company has gained the trust of US regulators, although it doesn’t have a physical head office and all employees work remotely.
Coinbase Exchange Restricted Countries
Coinbase is available in over 100 countries, although some functions may be restricted in certain areas. The entire list can be viewed on the official website.
What Coins Are Supported on Coinbase Exchange?
Over 150 crypto assets can be traded on the online platform, including popular options like BTC, ETH, AVAX, SOL, ADA, USDC, DOGE, MATIC and USDT.
How Much Are Coinbase Exchange Fees?
Exchange fees are based on a maker-taker model and range from 0.00% to 0.40% for maker fees, and 0.05% to 0.60% for taker fees, depending on the total USD trailing 30-day trading volume. “Stable Pairs,” or trading pairs of stablecoins have fixed maker fee of 0.00% and taker fee of 0.001%.
Fiat deposit fees ranges from free (ACH), $10 USD (Wire), €0.15 EUR (SEPA) and free (SWIFT) and withdrawal fees vary from free (ACH), $25 USD (Wire), €0.15 EUR (SEPA) and £1 GBP (SWIFT).
Is It Possible To Use Leverage or Margin Trading on Coinbase Exchange?
In February 2020, it was announced that Coinbase Pro customers can access up to 3X leverage on USD-quoted books. But in November 2020, margin trading was disabled due to changes in the regulatory environment.