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Before we dive deep into the stock market performance, let's get a clear picture of **what Coinbase is**. Essentially, Coinbase is a publicly traded company that operates one of the largest cryptocurrency exchanges in the world. Think of it as a digital marketplace where people can buy, sell, and store a wide variety of cryptocurrencies, like Bitcoin, Ethereum, and many others. Founded back in 2012, Coinbase has grown exponentially, becoming a go-to platform for both individual investors and institutional clients looking to get involved in the crypto space. They offer a pretty straightforward user experience, making it easier for newcomers to navigate the often complex world of digital assets. Beyond just trading, Coinbase also provides a suite of other services, including a crypto wallet, a debit card that lets you spend your crypto, and even institutional services for larger players. This diversification is key to understanding their business model and, consequently, their stock performance on the NASDAQ.
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