Coinbase can acquire a crypto-cash start-up Earn.com

Coinbase can acquire a crypto-cash start-up Earn.com

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The American cryptocurrency exchange Coinbase, which by now attracted more than $225 million of venture financing, can negotiate the purchase of a startup Earn.com, until last year known as 21.co, when the rebranding took place together with the launch of a paid messaging platform. This is written by CoinDesk with reference to the sources familiar with the situation.

One of them said that Earn can be sold for more than $30 million. This figure represents the minimum negotiated amount of the transaction. Earn.com itself has raised over $ 20 million in several rounds of funding since its inception in 2013.

Another source reports that Earn is negotiating with several companies, all of which are well known in the cryptocurrency industry.

According to the terms of the deal, Earn.com CEO Balaji Srinivasan may join Coinbase.

Earlier it became known that Coinbase launches a cryptocurrency index fund.

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