Coinbase Launches its Own Venture Fund

Coinbase, the U.S’s largest cryptocurrency exchange that pulls in $$2.7 million a day, will be launching their own venture fund, focusing primarily on early seed stage startup companies aligned with Coinbase's values. First step in this Coinbase fund will be around $15 million. They are not planning to put any money in tokens, as there would be the potential of conflict of interest, but more so "compelling businesses" in the blockchain space. 

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This is impressive. They are not looking for money-making crypto but funding other companies. Although I'm not sure I would like that if I was Coinbase investor. 

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Airware is doing something similar. They have to do something. If cryptocurrency fails, coinbase is going bust. 

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It was the logical next step. As Vlad mentioned - if cryptocurrency fails - coinbase will fail. Have to add all value that they can in this space. 

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