Coinbase to Launch Venture Fund

Coinbase will provide financing to promising companies which promote great and inspirational ideas
07 April 2018   198

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 Acquires Earn.com Project

Earn’s co-founder and CEO will join Coinbase as the company’s first Chief Technology Officer
17 April 2018   149

On April 16, Coinbase cryptocurrency exchange has announced the acquisition of another startup they found promising. Earn.com is a projects which is developing an app which should allow senders to pay users in digital currency for replying to emails and completing tasks.

A week ago we reported about the launch of Coinbase Ventures, whose goal is to help the most compelling companies to flourish, and yesterday we found out that Coinbase buys the open source, decentralized application and wallet, Cipher Browser.

Coinbase and Earn collaborationCoinbase and Earn collaboration

Moreover, along with Earn.com acquisition, Coinbase also welcomed Earn’s co-founder and CEO, Balaji Srinivasan, who will join Coinbase as the company’s first Chief Technology Officer (CTO).

Over the last several years, the primary way most people have obtained cryptocurrency is through buying it, with many of these transactions facilitated by Coinbase. With this acquisition, we allow users to also earn crypto by doing things they already know how to do — like replying to emails and filling out surveys.
 

Earn.com announcement

For the users of Earn.com, everything will continue as before in the short term, with one exception as Earn.com has put the token launch on the back burner and plans to focus on integrating with Coinbase’s infrastructure and scaling up the service.