![]() ![]() Price swings in the cryptocurrency market occur quite frequently. We are building this whole Coinbase Cloud suite of products that you can think of as crypto computing services to help developers build their applications faster.” ![]() Having said that, it is no wonder that Coinbase wants one of its infrastructure products to look like AWS, as Surojit Chatterjee – CPO at the exchange – said in a recent interview with Forbes: ![]() Currently, AWS is the leader in the cloud sector, surpassing its closest competitors Microsoft Azure and Google Cloud. One of its services includes Amazon Elastic Compute Cloud (EC2), which provides users with a virtual cluster of computers available 24/7 through the Internet. ![]() It generated more than $13 billion in annual operating earnings in 2020 on a revenue base of nearly $45 billion ( 64% of its parent firm’s total).Īt its core, AWS provides on-demand cloud computing platforms to individuals, firms, and even governments on a pay-as-you-go basis. How Does Coinbase Cloud’s Future Look Like?Įstablished nearly 20 years ago, Amazon Web Services (AWS) – a subsidiary of the e-commerce giant Amazon – is now the company’s main profit engine. The infrastructure product of the exchange will “help developers build their applications” at a faster step, said Surojit Chatterjee – Chief Product Officer. Coinbase wants its Coinbase Cloud division to become the cryptocurrency equivalent of Amazon Web Services (AWS). ![]()
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