Is Coinbase a DeFi or DAO?

[SabrinaD2]

Coinbase is neither a DeFi (Decentralized Finance) protocol nor a DAO (Decentralized Autonomous Organization). It is a centralized cryptocurrency exchange that allows users to buy, sell, and manage various cryptocurrencies.

However,

Coinbase does engage with DeFi and DAO projects. For example, it lists DeFi tokens and provides educational resources about DAOs

DeFi

DeFi (Decentralized Finance) is a blockchain-based financial system that allows direct transactions without intermediaries like banks.

DAOs

DAOs (Decentralized Autonomous Organizations) are blockchain-governed entities where decisions are made collectively by members through voting.

For more information on DeFi and DAOs, you can check out these articles:

• What are investment DAOs?
• Exploring DAOs
• What Is Decentralized Finance (DeFi) and How Does It Work?