Coinbase, Exchanges

What Market Does Coinbase Use?

As of June 29th, 2019, Coinbase uses the GDAX platform to list the majority of its supported assets. GDAX is a cryptocurrency exchange that is owned and operated by Coinbase.

The exception to this is Bitcoin Cash, which is listed on Coinbase Pro, another cryptocurrency exchange also owned by Coinbase.

Coinbase first launched in 2012 as a way for early adopters and enthusiasts to buy and sell Bitcoin. Since then, the company has grown to support a number of different cryptocurrencies and fiat currencies.

Fiat currencies are government-issued currencies, like the US dollar, that are not backed by a physical commodity.

Coinbase allows users to buy and sell cryptocurrencies for fiat currencies, like the US dollar, and also allows users to hold cryptocurrencies in wallets on the Coinbase platform. Coinbase supports buying and selling of the following cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Zcash, and 0x.

NOTE: WARNING: Coinbase does not have a single market, but rather uses multiple markets to buy and sell cryptocurrency. As such, Coinbase customers should exercise caution when trading cryptocurrencies, as prices and liquidity can vary significantly from one market to another. Additionally, users should be aware of their own countries’ laws and regulations regarding cryptocurrency trading.

Coinbase also offers a number of other services beyond just buying and selling cryptocurrencies. These services include: a wallet service, a merchant service, an API for developers, an investing service, and a custody service for institutional investors.

The Wallet Service allows users to store their cryptocurrencies in wallets on the Coinbase platform. The Merchant Service allows businesses to accept payments in supported cryptocurrencies. The API for Developers allows developers to access the Coinbase platform to build applications on top of it.

The Investing Service allows users to invest in a basket of different cryptocurrencies managed by Coinbase. The Custody Service is for institutional investors who want to store their cryptocurrencies with Coinbase.

Coinbase has been growing at an incredible pace over the last few years. In 2017 alone, Coinbase added support for Ethereum Classic, Litecoin, Bitcoin Cash, and Zcash.

And in 2018, Coinbase announced that it was adding support for Ethereum Classic, Zcash, Basic Attention Token (BAT), 0x (ZRX), and Stellar Lumens (XLM).

Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy and sell cryptocurrencies for fiat currencies like the US dollar as well as hold them in wallets on the Coinbase platform.

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