What it sells
coinbase for derivatives
Business model breakdown
Buyer: who owns the budget?
UnverifiedRetail and active crypto traders who open an account (sign up with email/Google/Apple, KYC required).
Trigger: what makes them buy now?
Wanting leveraged perpetual/futures trading (up to 100x) and unified margin across a portfolio.
Workflow: what inputs become what output?
Sign up, complete KYC, deposit funds or buy crypto by card, then trade spot or perpetuals, stake or use Earn.
Economics: what it saves and how it charges
Exchange trading fees (fee schedule not read); GDT token staking gives payouts and fee discounts; claims $30.31B traded to date and 200,000+ active traders.
Distribution: how it reaches customers
Self-serve web, Android and iOS apps; partner portal and affiliate program; API for developers.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2019 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.