Coinbase was once described by investor Fred Wilson as being “like JPMorgan or Goldman Sachs for blockchain.” Now, the U.S.’s largest cryptocurrency exchange is itself set to become an investor in other companies that develop products and services for the virtual coin sector.
The company on Thursday announced the formation of Coinbase Ventures, through which it will finance “early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way.”
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