Summary
TLDR; Coinbase is the largest crypto exchange in the US with a solid reputation, despite recent scrutiny and skepticism. It remains a safe and liquid exchange due to its stable market share, high cryptocurrency balances, and prudent token allocation. Coinbase has endured market shocks and remains resilient, making it a safe choice for cryptocurrency traders.
Key Points
1. Coinbase has maintained a stable market share despite facing challenges and competition from other exchanges.
2. Coinbase holds high balances of primary cryptocurrencies like Bitcoin and Ethereum, ensuring adequate liquidity for high-volume transactions.
3. Coinbase has a diversified token allocation, reducing reliance on any single cryptocurrency and enhancing its resilience in the market.