The crypto economy, defined by Coinbase (NASDAQ: COIN), is an open financial system built upon crypto.
Amid the rapid innovation, it can be hard to keep up with the pace of changes.
Yet, several notable companies have already made their first moves when it comes to buying cryptocurrencies.
Electric car maker, Tesla (NASDAQ: TSLA), for instance, invested US$1.5 billion in bitcoin in the first quarter of this year.
Not to be outdone, electronic payment provider Square (NYSE: SQ) has also poured a total of US$230 million into bitcoin starting from late last year.
Visa (NYSE: V), on the other hand, paid US$150,000 for a “CryptoPunk” non-fungible token (NTF) avatar.
As you can tell, the new terms created to define a growing industry are dizzying.
Thankfully, Coinbase published a useful glossary of crypto economy terms that are typically used in the space as part of its public filings....