On February 19, Coinbase announced via a Tweet and an official blog post that it had purchase crypto analytics firm Neutrino. On February 28, Ripple’s XRP token became the latest cryptocurrency to be available for purchase through Coinbase.
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And Coinbase has been adding some big names to its team, with former Senior Managing Director of the Citadel hedge fund LJ Brock becoming Coinbase’s Chief People Officer, and former Amazon Web Solution’s principal solutions architect Luke Youngblood being hired to develop staking and governance solutions.
Coinbase announced it has received $300 million in a Series E fundraising round through a blog post in October, which valued the firm at over $8 billion.
Coinbase welcomes neutrino platform
Irish Tech News called Binance the only tech company in history to achieve an above-$1 billion valuation within six months whilst turning a profit. Analysis from The Block Crypto puts Binance’s profits for 2018 at $446 million.
https://blog.coinbase.com/coinbase-raises-series-e-round-of-financing-to-accelerate-the-adoption-of-cryptocurrencies-1ad927463814?gi=3d862e170cd3
Coinbase is now looking to leverage its position as the premier fiat-to-crypto gateway into offering trading on potentially thousands of cryptocurrencies. Binance is moving in the opposite direction, using its position as the top crypto-to-crypto exchange to overtake Coinbase as the one-stop site for all crypto-related transfers. In essence, both are now battling to become “the Google of Crypto.”
So stay tuned with coinbase.
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