Coinbase account at a Glance

Glossary to the Cryptoeconomy

Glossary to the Crypto economy

Throughout this prospectus, we use several industry terms and concepts:

  • Address: An alphanumeric address for sending or storing crypto assets.
  •  BitcoinSatoshi Nakamoto first proposed the concept of Bitcoin: A Peer-to-Peer Electronic Cash System in a white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System.
  •  Blockchain: A cryptographically secure digital ledger that keeps track of all network transactions and uses a consensus procedure to confirm new blocks for inclusion in the blockchain.
  • Cold storage: Private keys should be stored in any manner that is not connected to the internet. Offline computers, USB devices, and paper records are all forms of cold storage.
  • Crypto: Any cryptography-based market, system, application, or decentralized network falls under this umbrella phrase.
  • Crypto asset (or ‘token’): Cryptocurrencies, stablecoins, and security tokens are examples of digital assets produced with blockchain technology.
  • Crypto Asset Volatility: Represents our internal gauge of market crypto volatility compared to previous periods.  Weighted by each crypto asset’s proportion of total trading volume across a select set of trading platforms, including the Coinbase platform, during the same period. ItBit, Bitfinex, Bitstamp, bitFlyer, Binance.US, Binance, Kraken, Gemini, Bittrex, and Poloniex are all similar exchanges.
  •  Cryptocurrency: Following the popularity of Bitcoin, alternative coins, or ‘altcoins,’ was created.
  • Crypto economy: A new crypto-based open financial system with a Coinbase account.
  • Customer: On our platform, a retail user, institution, or ecosystem partner.
  • Defi: Decentralized Finance is the abbreviation for “decentralized finance.” Smart contracts are a peer-to-peer software-based network of protocols that can be used to simplify traditional financial activities such as borrowing, lending, trading derivatives, insurance, and more.
  •  Ecosystem partners: Developers, creators, merchants, asset issuers, organizations, financial institutions, and other groups developing decentralized crypto-economy protocols, applications, products, and services.
  •  Fork: A significant update to a blockchain’s software results in two distinct blockchains: the original and the new version.
  • Hold: Holding a crypto asset through ups and downs rather than selling it is called “holding.”
  • Hot wallet: A wallet that can broadcast transactions since it is connected to the internet in a Coinbase account.
  •  Institutions: Businesses include hedge funds, small to large financial institutions, and corporations.
  •  MinerIndividuals or organizations that run a computer or a group of computers add transactions to blocks and verify blocks made by other miners.
  •  Mining: The process of adding new blocks to the blockchain and, as a result, new transactions.
  • NetworkAll miners that use computational power to keep the ledger up to date and contribute new blocks to the blockchain.
  •  Protocol: A sort of algorithm or program that oversees the operation of a blockchain.
  • Public key or private keyEach public address is associated with a cryptographically produced public key and private key. A privatLikeaccount password allows ta private key for the recipient to access any funds associated with the address. A public key aids in the validation of transactions sent to and from the address.
  •  Retail users: Individuals that have created a profile on our platform.
  • Security tokenA security-like crypto asset. This can comprise digital versions of traditional equity or fixed-income and assets classified as an investment contract or note and judged to be securities.
  • Smart contract: Software that allows or enforces a rules-based agreement or terms between transacting parties in a digital format.
  • StablecoinCryptocurrency assets that are designed to reduce price volatility. Fiat money or other crypto-assets used to back stable coinsA more energy-efficient kind of mining. To validate transactions and construct blocks, stakers speakerstoken pools as collateral. Stakers receive a prize in exchange for their services.
  • Supported crypto assets: As of December 31, 2020, the crypto assets we supported for trade and cand on our platform totaled over 90.
  • USD Coin or USDCA stable coin by the Centre Consortium (co-founded by Coinbase and Circle Internet Financial Limited, or Circle), wholly reserved assets held by the issuer and may be bought and traded for US dollars 1:1.
  •  Wallet userOn our non-custodial software-based offering, a retail user who has created an account with a username. Coinbase Wallet is a crypto asset wallet that allows users to connect to Defi appDefid self-custody crypto assets. Even though independently from our main office,

Coinbase Custody

InvestinWhetherfirst or traditional is a man investing in cryptocurrencies or moving for any organization. While the crypto market has grown over the last decade to include dozens of assets appealing to assetsessional investors, custody remains a first-order barrier to institutional investment.

Crypto-first institutions may believe they have no choice but to self-custody their crypto assets in the face of this uncertainty. InstitutOner hand may be institutions new to crypto ady have custodial services but are unsure how to approach a brand-new asset class with brand-new security risks.

On top of this, poor vendor choices may compel institutions into\smaking trade-offs between security, asset availability, and trustworthiness,\slimiting their capacity to make big investments in crypto. Until now, vendors haven’t been able to overcome these trade-offs.


Coinbase account at a Glance

Coinbase account was founded in 2012 to create an open financial system for the world  Coinbase offers the world’s leading compliant cryptocurrency platform, serving more than 25 million individuals,

Coinbase accountbusinesses, investors, and non-profits in more than 33 countries  Founded. In San Francisco, Coinbase also has offices in Portland, Chicago, New York, London, Dublin, and Tokyo.
Sam McIngvale, Chief Executive Officer, Coinbase Custody
Eric Chung, Chief Operating Officer, Coinbase Custody
Brian Armstrong, Chief Officer, Coinbase
Brian Brooks, Chief Legal Officer, Coinbase
Alesia Haas, Chief Financial Officer, Coinbase
Jeff Horowitz, Chief Compliance Officer, Coinbase
Philip Martin, Chief Information Security Officer, Coinbase Custody
Coinbase has raised $525M+ from venture capital firms Andreessen Horowitz, USV, IVP, DFJ Growth, Spark Capital, Ribbit Capital, Y Combinator, blue chi blue-chip Tiger Global management, crypto-first firm Polychain, and strategic investors NYSE ICE, MUFG, BBVA, and USAA, among others.


Coinbase Custody: Regulated crypto custodian
Coinbase account  Pro: API trading, overthecounter trading desk, additional coverage services


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