How does Coinbase make money?

Coinbase makes most of its money by charging fees for purchasing and selling cryptocurrency on the platform. These fees are tiered based on the price and volume of the transaction. 93% of Coinbase's revenue comes from these fees, which is their main income source.

Another way that Coinbase makes money is through loan interest. Coinbase has a loan program where users can borrow their Bitcoins. These loans range from $2000 to $100000 and require interest to be paid. The interest rate is 8% for these loans, and Coinbase earns an additional 7% of its profits from these loans.