Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy and sell cryptocurrencies. Coinbase also allows users to store their cryptocurrencies on the exchange.
Recently, Coinbase announced that it would add support for USDC, a stablecoin that is pegged to the US dollar. USDC is an ERC20 token that is based on the Ethereum blockchain.
Coinbase has been gradually adding support for different cryptocurrencies over the past few years. Initially, Coinbase only supported Bitcoin (BTC).
Later, it added support for Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Now, with the addition of USDC, Coinbase supports five different cryptocurrencies.
Coinbase is one of the most popular cryptocurrency exchanges because it is easy to use and is available in many countries. Coinbase also has a good reputation for being a secure place to store cryptocurrencies.
However, some people have raised concerns about Coinbase storing private keys on its servers. Private keys are necessary for accessing and spending cryptocurrencies.
Coinbase has said that it stores private keys in a secure offline environment and that only a small number of employees have access to them. However, it is still possible that private keys could be compromised if Coinbase were to be hacked.
Overall, Coinbase is a popular and easy-to-use cryptocurrency exchange with a good reputation. It supports a small number of cryptocurrencies but is constantly adding new ones.
Some people have concerns about Coinbase storing private keys on its servers but the exchange has taken steps to secure them.