Coinbase acquires Earn for over $100M

Business 4/16/2018, 8:33 PM
Coinbase acquires Earn for over $100M

One of the largest digital currency exchanges in the world Coinbase acquired Earn. com, while the crypto payment service chief executive Balaji Srinivasan is set to become the cryptocurrency platform's new Chief Technology Officer, Coinbase CEO Brian Armstrong said in a blog post on Monday. The rest of the Earn. com team will also transition to Coinbase.

Although the statements from both companies did not reveal other specifics of the deal, media reports citing sources familiar with the matter say the acquisition was worth over $100 million.

Earn. com is a service which provides crypto payments for users replying to emails and completing other tasks.

Breaking the News / BM

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