Coinbase operates a multi-asset trading and blockchain platform serving retail consumers, institutions, and developers. The company offers retail customers access to cryptocurrency, equities, derivatives, and prediction markets through user-friendly and advanced trading interfaces, while providing institutions with prime brokerage, custody services, and proprietary exchange access. Coinbase generates revenue primarily through transaction fees on trades across its platforms, subscription memberships that offer reduced fees and premium features, staking commissions on cryptocurrencies held by customers, and partnerships around stablecoins; the company also earns sequencer fees from its Base blockchain layer. The platform differentiates itself through regulatory compliance across multiple jurisdictions, custodial security with independent audits, intuitive product design, and integration with decentralized finance infrastructure.