Coinbase, the biggest US bitcoin exchange, continued its shake-up of Silicon Valley norms this week after last week’s announcement that it is done with centralized offices. 2. What does Coinbase do for money? First, Bitcoin exchanges charge users interest by adding funds to their balances – generally via digital tokens such as “bitcoins,” a unitless currency invented in 2009 and derived from blockchain technology. So how much should you earn on your daily trading at one site or another? That depends on whether you hold specific currencies like bitcoins (they’re just units): You can make $100 an hour selling Bitcoins directly into cash markets where prices are set randomly; but even then you could end up charging double what someone making dollars would because there will always be arbitrage opportunities between two different coins’.
Brock said Coinbase already increased its cash and equity package to line up with the 75th percentile of its peer firms, up from its previous level at the median. A Coinbase spokesperson was not immediately available for comment on the new policy.