Coinbase to Launch Venture Fund

Coinbase will provide financing to promising companies which promote great and inspirational ideas
07 April 2018   1482

On April 5, Emilie Choi, Head of Corp at Coinbase, has announced the formation of Coinbase Ventures. Coinbase will provide financing to promising companies which have really great and inspirational ideas. The goal of Coinbase Venture fund is to help the most compelling companies to flourish. Its focus is on building strong relationships and helping to spur on the development of the ecosystem.

We also have a strong Coinbase alumni network, which we’re very proud of. People who have worked at Coinbase are encouraged to think entrepreneurially, and you can expect that we’ll enthusiastically invest in ideas from our own alumni network.
 

Emilie Choi

Head of Corp, Coinbase

Coinbase reported that it may invest in companies that are potentially competitive, because it’s in everyone’s interest to see the ecosystem innovate, and it takes a long term view of the space, and it believes that multiple approaches are healthy and good.

Previously we have reported that Coinbase announced that in the coming months it will provide its users with the opportunity to withdraw coins that appeared as a result of the forks of the Bitcoin network.

Coinbase to List Stellar

As reported, at first, the coin will not be available to residents of the UK and the state of New York
19 March 2019   189

Wallet and mobile applications (for iOS and Android) from leading American cryptocurrency company Coinbase now support Stellar Lumens digital asset (XLM).

Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.
 

Coinbase Team

The new asset is available to Coinbase.com users from most jurisdictions. However, at first, the coin will not be available to residents of the UK and the state of New York.