what is coinbase market cap

Coinbase market cap is the total value of cryptocurrency units of a company, usually in billions of dollars. The market cap is calculated by summing up the total number of units of a cryptocurrency for each day in which the market cap was calculated, and then multiplying by the average price of those units over the same period. For example, if the total number of units of a cryptocurrency for a given day was 100 million and the average price of those units was $5 per unit, then the market cap for that day would be $5 billion. Market caps are calculated using data from financial news sources such as news articles, press releases, and company statements. They are used by analysts, traders, and investors to make informed decisions about the value of cryptocurrencies.