What is Coinbase & how does it work?

The goal of Base is to make “onchain the next online,” whereby Base will not only serve as a home for Coinbase’s onchain products, but also as an open ecosystem where developers & enterprises globally can build incredible new onchain tools & products. Coinbase does not plan to issue a new token for the Base network.

Why is base incubated with Coinbase?

Base is incubated within Coinbase and plans to progressively decentralize in the years ahead. We believe that decentralization is critical to creating an open, global cryptoeconomy that is accessible to everyone. We believe that the onchain platform is the most important builder platform since the internet (“online”).

How much money does a crypto exchange make a year?

Arbitrum One is first with about $6 billion, followed by OP Mainnet at $2.9 billion, zkSync Era at $430 million and dYdX with $336 million. Edited by Mark Nacinovich. The largest U.S. crypto exchange says its blockchain is the first to be launched by a publicly traded company and gives it a new revenue opportunity.