Why Coinbase's Business Model Still Matters in 2026

Most exchanges that launched around 2012, the same year as Coinbase, are gone now. Some got hacked. Some ran out of money. Some just couldn’t hold onto users once a bigger name showed up. Coinbase is still here, and it’s not because it got lucky with timing. It survived because the business underneath the app was built to last, not just to ride a bull run. That’s the real...