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.