Coinbase is a San Francisco based digital currency exchange and it is one of the oldest exchanges out there. It was founded by Brian Armstrong and Fred Ehrsam in June 2012. Since then Coinbase has expanded exponentially and it is now available in 190 countries at the time of writing this. Coinbase has over 15 million customers and that number is expected to grow with time.
In my opinion, there are a number of reasons that contribute to this factor. I am going to list them one by one:
Coinbase is available in 190 countries which means that people from almost all countries can buy and sell crypto through Coinbase. Moreover, it has over 15 million active users and that is a huge user base in a small world of crypto.
Coinbase follows a strict policy when it comes to listing coins on their exchange. Unlike many other popular crypto exchanges that list hundreds of coins, Coinbase only lists reputed coins with a proven track record and that makes listings special.
Coinbase has earned the trust and respect of the users by providing quality services over the years. It is a go-to exchange for most crypto users. Being one of the oldest exchanges has also worked in favor of Coinbase.
Coinbase has received many investments over the years and it continues to attract investments. Coinbase is backed by some reputed US companies which points out its capabilities raising the standard of Coinbase among people.
Most of the new users end up buying their first crypto from Coinbase. Coinbase is a place to buy and sell but for trading purposes, they also have Coinbase Pro, formerly known as GDAX. People still consider an investment safe heaven, if that particular project is listed on Coinbase.
This is not financial advice. These are personal thoughts and they are meant for information purposes only.DYOR before investing.
