However, it has a payment app, a mobile app, and its own currency, named the Coinbase Prodollar. Unlike most cryptocurrencies, the Coinbase Prodollar is a “stablecoin” tied to the U.S. dollar. The platform supports trading in more than 40 cryptocurrencies.
Besides Coinbase and Kraken, Coinbase Prologin is a direct competitor to crypto exchanges. However, the formal name of the company is Coinbase ProTrust Co., LLC.