does coinbase own binance

Coinbase, an exchange platform, owns Binance, a digital asset platform. Coinbase was launched in 2015, and Binance was launched in 2018. Both platforms are now among the largest exchanges in the industry. Coinbase's primary business is for trading cryptocurrency, and its platform allows users to buy, sell, and store digital assets. Binance, on the other hand, offers a platform for trading digital assets, including cryptocurrencies and commodities. The platform allows users to buy, sell, and store digital assets, including cryptocurrencies and commodities. Both platforms operate in the same ecosystem, and they share some features and services, such as deposit and withdrawal methods. However, there are also some differences between Coinbase and Binance, such as the exchange rate tracking and order matching algorithms. Coinbase has a more active and transparent exchange rate tracking system, while Binance uses a more advanced algorithm to order matching. Overall, Coinbase owns Binance, and they are both part of the cryptocurrency exchange industry.