Coinbase, Exchanges

Is Circle Owned by Coinbase?

Coinbase is a US-based cryptocurrency exchange and wallet service provider with over 30 million customers in 32 countries. Founded in 2012, Coinbase allows users to buy, sell, and store digital assets such as Bitcoin, Ethereum, and Litecoin.

Coinbase has been frequently compared to Circle, another popular digital currency exchange and wallet service. Both companies offer similar services and have been backed by major investors.

However, there is one key difference between the two companies: Circle is owned by Goldman Sachs, while Coinbase is not.

This difference may seem small, but it actually has major implications for the two companies. For one, it means that Circle has access to a much larger pool of capital than Coinbase.

This gives Circle a big advantage when it comes to expanding its business and adding new features.

It also means that Goldman Sachs can use its influence to help Circle in regulatory battles. For example, Goldman Sachs was instrumental in getting Circle’s BitLicense application approved by the New York Department of Financial Services.

Coinbase, on the other hand, has had to fight for every regulatory victory it has achieved.

The bottom line is that Coinbase is at a disadvantage when competing against Circle because it does not have the same level of support from a major financial institution. However, Coinbase has made up for this disadvantage by being an early mover in the cryptocurrency space and by building a large customer base.

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