Who are the major competitors of Coinbase?

Remember to focus your answer on the competitors that have a sizable market share. Be sure to indicate the status of any small or new products and why you feel they are worth noting if you include them within your response.

"Coinbase is well known in the crypto market and has a reputation as a best-in-class product for traders that are new to crypto and need educational services in addition to a trading platform. Coinbase is also known as a safe option for buyers who are worried about security and regulation issues.

Robinhood is an example of another easy-to-use product that is a competitor of Coinbase in the first-time user market. They have fewer options and less educational material, but their fees are significantly lower than Coinbase. Etoro is also a strong competitor. They currently have over 20 million users and an attractive spread-only commission model. There are others, but Gemini especially is worth mentioning as well. They have 13 million active users and they have a strong record of growth.

Binance is another competitor. They do well in the large volume space and also attract day traders. They recently reported their user base to be 28.5 million. They would be more of a competitor for the Coinbase Pro products."