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What is Coinbase?
Coinbase is an American company with two core products: an exchange under the name GDAX and a digital currency wallet and platform. Merchants and consumers can buy a few different cryptocurrencies with fiat money and store it in the wallet. They operate in over 30 countries. The cryptocurrency is held on the platform and the user does not hold the private keys. This is different from most other wallets where the user has self-custody and responsibility for keeping the private keys safe. The company states on their website that 98% of their customers assets are stored offline.