How does Coinbase monetize its platform?

1 answers

• Ananthakumar LOct 26, 2024 · a year ago
  Coinbase monetizes its platform by charging transaction fees to users. When users buy or sell cryptocurrencies on Coinbase, they are charged a fee based on the transaction amount. This fee varies depending on factors such as the user's location and the type of transaction. Coinbase also offers premium services like Coinbase Pro, which has lower fees for high-volume traders. Another revenue stream for Coinbase is its Coinbase Commerce platform, which allows businesses to accept cryptocurrency payments. Coinbase charges a fee for this service as well. Overall, Coinbase generates profits by providing a reliable and user-friendly platform for cryptocurrency trading and charging fees for its services.
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