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The US-based exchange is making strategic acquisitions and is set to become the fifth FANG: the King of the blockchain world.
The height of the bull market is not where the fortunes are made. They may be realised there, cashed out, but the foundations are laid long before that. That’s true for investors and it’s true for businesses. Coinbase has been steadily growing its userbase and ecosystem for years. It is already one of the pre-eminent exchanges in the crypto world, but right now it appears to be positioning to become something greater. Just as Google is now far more than a search engine, Coinbase is laying the groundwork to become a giant of crypto.
Coinbase just bought Earn.com, which evolved out of 21 Inc – an ill-fated venture that tried to launch developer-focused bitcoin computers, a bit like a mining Raspberry Pi. But Earn rebranded and pivoted, and Coinbase just picked it up for around $120 million. Earn’s co-founder and CEO will now become Coinbase’s CTO, and its core business will be integrated with Coinbase’s. Earn’s current leading product is a paid email platform, which Coinbase recognises as ‘arguably one of the earliest practical blockchain applications to achieve meaningful traction.’
Coinbase also recently bought Cipher Browser, a mobile Ethereum wallet. Add this to their recent massive hiring spree, and the indications are that the company is putting the pieces together for a well-planned crypto empire.
You may be watch their rise with awe, or your may lament the centralisation of the ecosystem that will inevitably result. Either way, watch them: within five years, they will be the next FANG (Facebook, Amazon, Netflix, Google).
Read more: https://www.coindesk.com/coinbase-just-bought-one-of-bitcoins-biggest-startups/
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The talent moving from the current system to Crypto most likely have the foresight to see that inevitable crash of the legacy monetary systems due to all the money being printed around the world. Time to get in before it all goes to S*!T.
Always big fish eat little fish. The global system is everywhere... thank you for sharing @crypto.inferno
it will be clear who will stand in time ...
and who will direct the game ...
thanks for share @Crypto.inferno
If Amazon steps into the arena, that could change a lot of this landscape. Observing is probably a good move for them right now though -- At least, maybe until the "fake news" decide they don't mind Jeff Bezos as much...
Link if you're not familiar to Amazon & Trump beef.