Coinbase Launches Early-Stage Venture Fund

Coinbase Launches Early-Stage Venture Fund

CoinBase
April 6, 2018 by Bitzamp
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Coinbase Launches Early-Stage Venture Fund Popular cryptocurrency exchange Coinbase is launching a new incubator fund for early-stage start ups, the company announced Thursday. Having established itself as the best Bitcoin exchange in the United States, Coinbase’s data can help promising startups “that have the equipment and ideas that can move the space forward in a
Bitzamp

Coinbase Launches Early-Stage Venture Fund
Popular cryptocurrency exchange Coinbase is launching a new incubator fund for early-stage start ups, the company announced Thursday.

Having established itself as the best Bitcoin exchange in the United States, Coinbase’s data can help promising startups “that have the equipment and ideas that can move the space forward in a positive and meaningful way.”

“We’re going to invest off our balance sheet into crypto companies,” Coinbase President and Chief Operating Officer Asiff Hirji told CNBC’s “Fast Money” Thursday. “We will invest in companies that are in the space and are aligned with our values.”

With an initial price of $ 15 million, the fund was made with investments of between $ 100,000 and $ 200,000 in areas such as “stable currencies” and decentralized exchanges, but which does not necessarily seek to create formal partnerships with the companies to which they put the money.
The fund’s seed-stage investments, which will begin this week, will help companies and founders in the crypto and blockchain space get off the ground. It is also intended to focus on building relationships within this ecosystem, he said. To do this, Coinbase could invest in its competitors.


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