Because Amazon Web Services (AWS) is one of the most popular cloud service providers in the world. It is therefore not surprising that Coinbase, a cryptocurrency exchange based in the United States, It is trying to develop its own cloud infrastructure solution called Coinbase Cloud.
“We want to be the Amazon Web Services (AWS) of crypto,” said Surojit Chatterjee, Chief Product Officer at Coinbase. sayIn an exclusive interview with Forbes, “We are building an entire Coinbase Cloud suite of crypto processing services to help developers build applications faster.”
Prior to becoming Coinbase Cloud, the service, formerly known as Bison Trails, is a cloud staking infrastructure solution that Coinbase bought earlier this year for an undisclosed amount. which is rumored to be more than 80 million dollars.
Coinbase officials suggest that they need to become the “Amazon of cryptocurrencies” as soon as possible. For Chatterjee, adopting Bison Trails is a key part of Coinbase’s transformation to support a mature financial ecosystem. Sell only tokens but also built the entire financial system on the blockchain. We think we can play an important role in bringing our clients to the benefits of crypto which is more investment or speculation. Our goal is to be the primary financial account of the crypto economy for our clients.”
Currently, the platform supports crypto custodians, funds, decentralized applications, and token holders. Some of its key clients include venture capital firm Andreessen Horowitz (a16z), New York fintech firm Current and Turner Sports.
As of November 2021, Coinbase Cloud has $30 billion worth of crypto assets on its platform, with Coinbase one of the most popular crypto-currency platforms. It has more than 73 million customers and 10,000 organizations and 185,000 ecosystem partners in more than 100 countries, according to Coinbase.manageMore than $700 billion in transactions have been made.
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