Coinbase launches "Coinbase Ventures"...

Coinbase is getting into the world of venture capital - looking for the next hot companies in the cryptocurrency and blockchain space, and helping to fund their projects.

"We’ll be providing financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way. At least in the beginning, our goal is simply to help the most compelling companies in the space to flourish.

This means that we don’t have the strategic requirement of formalizing partner relationships with such companies, as some corporate venture programs do. Our focus is on building strong relationships and helping to spur on the development of the ecosystem."
the company explains on their blog.

Another interesting twist - they've stated they're even open to investing in companies that 'look competitive with Coinbase'.  A move that can keep them dominate in the US cryptocurrency exchange world by owning a piece of their competition, and putting them in a strategically strong position for buy-outs.

Author: Ross Davis
San Francisco News Desk