What is Coinbase Exchange and how does it work?

Coinbase Exchange is a leading platform that enables users to buy, sell, and trade a variety of cryptocurrencies in an accessible and secure environment. It works by providing an intuitive interface where individuals can create an account, complete necessary KYC (Know Your Customer) procedures for identity verification, and then deposit funds via bank transfer, credit card, or other supported payment methods. Once the account is funded, users can place orders to buy or sell digital assets at market prices or at specific price points using limit orders. The exchange maintains liquidity and matches buyers with sellers, charging fees for its services. Coinbase also offers features such as wallet services, educational resources for newcomers to the cryptocurrency space, and advanced trading options for more experienced traders.