Coinbase Consider Buying Earn. com

Largest US cryptocurrency platform can be on the verge of its biggest purchase
23 March 2018   1001

The largest US cryptocurrency platform Coinbase, which has already attracted venture investments worth more than $ 225 million, is in talks to acquire the Earn .com start-up, CoinDesk reports.

Earn .com appeared as a result of the rebranding of the startup 21 Inc and the launch of the same paid platform for messaging. According to one source, the minimum deal discussed is about $ 30 million. So, since its foundation in 2013, Earn.com has raised more than $ 120 million in investments in several rounds.

However, it is noted that negotiations on the potential sale of Earn.com are currently conducted immediately with several parties. One of the interlocutors of the publication also added that all applicants are "very famous" in the industry.

Earlier, Coinbase received a license to provide services in the UK and Europe and announced its intention to launch the index fund Coinbase Index Fund, which will allow US-accredited investors to work with all current and future assets in the listing of the GDAX exchange.

Coinbase Capitalization to Exceed $8B

Another financial round, headed by  Tiger Global Management, brought $300M to the company
30 October 2018   151

The American cryptocurrency company Coinbase raised $ 300 million in the framework of a round of financing for the E Series, which was led by the American hedge fund Tiger Global Management. Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and other companies took part in financial round too.

Thus, according to the company's estimates, its capitalization has already exceeded $ 8 billion, and the annual profit at the same time, according to Bloomberg, may be about $ 1.3 billion.

Coinbase intends to use funds for global expansion, expansion of listing, development of various utilitarian applications and attraction of institutional institutions to the industry.

Company became the first unicorn in the cryptocurrency sphere after the closing of the round of financing for the Serie D in August 2017.

Earlier in the media it was reported that Coinbase could enter the IPO after another investment.