Coinbase is a digital asset exchange company. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Coinbase effect
The “Coinbase effect” refers to the rise in prices of cryptocurrencies listed for sale on a dominant cryptocurrency exchange such as Coinbase within days of the news being made public. According to Barron, the effect of listing a cryptocurrency on an exchange plays a big role in which cryptocurrencies gain widespread acceptance.[97]