/ Conviction Index / Coinbase (COIN)

Coinbase (COIN)

CeFi · Exchange · COIN (NASDAQ) · Launched 2012
B+

Good (B+) — Conviction Grade

Coinbase is the leading US-regulated cryptocurrency exchange. NASDAQ-listed (COIN). Strong regulatory positioning post-SEC dropped enforcement (Feb 2025). Diversified revenue (trading, staking, custody, Base L2, USDC fees).

85
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A-
Governance Decentralization
D
Liquidity
A
Adoption & Utility
A
Regulatory Posture
A
/ Public-Record Events

Key events & disclosures.

  • Founded 2012
  • NASDAQ IPO Apr 2021 (COIN)
  • SEC enforcement dropped Feb 2025
  • Base L2 launch Aug 2023

/ Best for

Institutional fiat-onramp; US-regulated cryptocurrency custody and trading; default US institutional exchange.

/ Watch out for

Centralized exchange counterparty risk. Although strongest US regulatory positioning, equity holders bear concentration risk.