Test Your Coinbase and AMP Token Knowledge!

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1. Which regulatory compliance is crucial for Coinbase to operate legally?

Explanation

Coinbase, like other financial institutions, must adhere to Anti-Money Laundering (AML) regulations to prevent the use of its platform for illicit activities.

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About This Quiz
Test Your Coinbase And Amp Token Knowledge! - Quiz

Discover your understanding of Coinbase, a prominent cryptocurrency exchange, and the AMP token with this informative Coinbase AMP Token Knowledge Quiz. With questions ranging from Coinbase's founding year... see moreto its regulatory compliance, services, and revenue streams, this quiz delves into the fundamentals.

Explore the significance of USD Coin (USDC) within Coinbase and the role of Coinbase Custody in secure storage. Test your knowledge of the AMP token's collateralization mechanism and its association with decentralized finance (DeFi).

From listing choices to security technologies, this quiz challenges your expertise in the world of cryptocurrencies and exchange platforms. Answer wisely and uncover your proficiency in Coinbase and AMP token awareness!
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2. Which major stock exchange did Coinbase choose for its direct listing?

Explanation

Coinbase opted for a direct listing on the Nasdaq stock exchange, becoming one of the notable cryptocurrency-related companies to do so.

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3. What's the role of the "USD Coin (USDC)" on Coinbase?

Explanation

USD Coin (USDC) serves as a stablecoin on Coinbase, maintaining a 1:1 peg with the US Dollar, providing stability in value.

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4. What year was Coinbase founded?
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5. What's the primary purpose of the AMP token's collateralization mechanism?

Explanation

The main purpose of the AMP token's collateralization mechanism is to back up the value of AMP tokens by utilizing collateral to mitigate risks.

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6. How does Coinbase make a significant portion of its revenue?

Explanation

Coinbase generates a substantial part of its revenue through transaction fees charged to users engaging in trading activities on its platform.

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7. What's the main technology behind the security of Coinbase transactions?

Explanation

Coinbase employs Hierarchical Deterministic (HD) Wallets technology to enhance the security of transactions and manage users' cryptocurrency holdings effectively.

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8. What is the significance of Coinbase Custody?

Explanation

Coinbase Custody offers a secure storage solution for institutional investors, ensuring the safekeeping of their digital assets.

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9. Which cryptocurrency exchange did Coinbase acquire to enhance its DeFi offerings?

Explanation

Coinbase acquired Paradex to bolster its offerings in the decentralized finance (DeFi) space.

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10. Coinbase offers services in how many countries approximately?

Explanation

Coinbase provides its services in approximately 100 countries, showcasing its global reach and accessibility.

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  • Nov 16, 2023
    Quiz Edited by
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  • Aug 11, 2023
    Quiz Created by
    Smriti Singh
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Which regulatory compliance is crucial for Coinbase to operate...
Which major stock exchange did Coinbase choose for its direct listing?
What's the role of the "USD Coin (USDC)" on Coinbase?
What year was Coinbase founded?
What's the primary purpose of the AMP token's...
How does Coinbase make a significant portion of its revenue?
What's the main technology behind the security of Coinbase...
What is the significance of Coinbase Custody?
Which cryptocurrency exchange did Coinbase acquire to enhance its DeFi...
Coinbase offers services in how many countries approximately?
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