Coinbase is the largest cryptocurrency exchange in the U.S.; it went public on Nasdaq via an $86 billion direct-listing, the biggest in history. It is regulated by the New York DFS with a virtual currency license, serves 44 U.S. states, and has an N.Y. state banking charter. It offers the largest number of coins and markets among U.S. crypto exchanges and is launching an NFT marketplace and derivatives service.
Via its website https://commerce.coinbase.com, Coinbase offers merchants services enabling merchants to receive payments for their products and services in crypto.
We put the company on our “Orange Compliance” list because the company admitted at the beginning of 2022 that it would draw on customer funds in the event of financial distress.