Coinbase To Buy Bitcoin Startup In Biggest Acquisition Yet

Coinbase, a popular digital currency exchange headquartered in San Francisco, is in talks to purchase While no deal has still been struck, the news follows their March announcement about them hiring Emilie Choi, the former head of mergers and acquisition at LinkedIn, to serve as their VP of corporate and Business developments. It seems the obvious course of action for Choi to be going after this acquisition since markets itself to be the next LinkedIn. had rebranded last year from with the launch of its eponymous paid messaging platform. Now they function as a two sided marketplace that enables users to earn digital currencies by fulfilling microtasks. Tasks can vary from filling digital surveys, labeling images or referring new users to the platform. They operate as a social network enabling its users to have public profiles and interact with other users on the platform. They have a goal to decentralize this network allowing each person to join the project and earn digital currencies for their micro tasks.’s CEO, Balaji Srinivas, has prospective in joining Coinbase under the terms of the deal but none of the parties has confirmed this news till now. They are in talks with multiple parties about the potential acquisition, with many suitors being household names.

This deal will send Coinbase back more than $30million USD but that shouldn’t be much of a stretch for them as they have raised close to $250million USD in previous years. However, if the deal goes through will be their biggest acquisition yet.

Coinbase had gotten significant negative press when their customer complained jumped more than 100% in January 2018, with over 400 complaints of those categorized as “money was not available when promised.” The news of acquisition should help them boost their public perception again.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide