Coinbase experienced a significant surge in user activity last week, leading to a temporary crash. The platform boasts 7.4 million monthly transacting users, a market capitalization of $52.5 billion, $193 billion in assets on the platform, $154 billion in quarterly trading volume, and 33.9% user retention. In response to this growth, Coinbase announced plans to offer $1 billion of convertible senior notes due in 2030. Following the announcement, Coinbase Global shares fell by 3.8% after the market closed. This move comes as both the cryptocurrency market and Coinbase's stock prices have seen substantial increases.