What is Coinbase? How it wants to change cryptocurrencies

Slidebean
6 min readJul 23, 2021

Coinbase wants to make cryptocurrencies mainstream finally. Of course, Bitcoin and Ethereum are nothing new. However, the whole crypto madness is still pretty overwhelming and intimidating for most people, and Coinbase is working to change that.

They have big goals and big money. With more than 56 million users, the company just recently went public by getting listed in the Nasdaq stock exchange.

We often talk about companies going public in this show, but this is different because it is the first time a fully crypto-oriented company did it. As a result, many expect this unprecedented move to mark the beginning of a new era of legitimization and trust in the crypto industry.

It’s not a cryptocurrency

By the way, no, Coinbase is not a cryptocurrency. Instead, it’s an exchange — a platform for investors and consumers of all kinds to buy, sell and trade these digital assets. Plus, it does many things that we’ll discuss in this article.

Their ultimate goal is to lead the crypto-economy revolution, to change the financial system as profoundly as the internet did with information and communication. They want to make digital currencies…

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