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Coinbase is still private and is valued at $100 B.

• plumeria 6y ago
  Would they have that valuation if they were non-custodial?
  • Kranar 6y ago
    Probably be worth more. Being custodial is a liability and Coinbase doesn't charge anything for it.
  • beaner 6y ago
    I don't necessarily know if this is relevant. Coinbase's custody business is a relatively small (but growing) branch mostly for institutions. Its consumer product is not driven by the fact that it is custodial, but by its function as a gateway between the crypto and fiat world. Where you ultimately put the crypto you acquire through them is entirely up to you, and in fact Coinbase does provide a non-custodial wallet product called Coinbase Wallet.