фото показано с : blokt.com

Brian Armstrong was no holds barred as he shared an internal company letter on Coinbase’s official Medium blog. In the note, he specifies all recent acquisitions of the company, some investments through Coinbase Ventures, as well as the launch of new services like Coinbase Prime. The largest cryptocurrency exchange in the United States is currently undergoing rapid expansion and trying its hand at several industry verticals, raising the bar for its competitors. Armstrong claims that Coinbase is all about “efficient execution.”

During the second quarter, the company hired several important team members, including the VP of Financial Planning & Analysis, Head of Data Engineering and over 60 other employees. During this time, they also acquired four companies — Paradex, Keystone, Cipher Browser and Earn.com. Armstrong writes:

“We’re at the beginning of imagining what might be possible when we combine all of the brilliance of these teams with all the opportunity ahead of Coinbase.”

Coinbase Ventures, the venture capital arm of the company, was also very active during the second quarter. It invested in several up-and-coming platforms like Compound, OpenSea, TruStory, Elph, Reserve, Spacemesh, Relevant, Rarebits, Etherscan, Unlock Protocol and Fuel Games.

He also emphasized on the company’s new business units, including the Coinbase Custody service and the Coinbase Index Fund. GDAX has evolved into two offerings, Coinbase Pro for active traders, while institutional investors have been offered Coinbase Prime.

Armstrong said that Coinbase intends to keep pace with the changes in the regulatory framework in the places it operates. In the US alone, the exchange does not have any federal licenses to operate but is sporadically regulated in different states. The company recently announced that it is acquiring three companies that will make it a federally licensed crypto trader but retracted from the statements in less than 24 hours.

In the new note, Armstrong interestingly mentioned the acquisition of Keystone Capital Corp and Venovate Marketplace Inc. once again, saying that they have received approval from the Financial Industry Regulatory Authority to carry on with the move. He also mentioned about a third company, Digital Wealth LLC, whose purchase has been notified to the Securities and Exchange Commission.

He also mentioned new offices in Chicago and Portland and assured Wyoming users that services in the region would resume soon.

Coinbase CEO Shares Q2 Note to Employees, Counts Accomplishments of Quarter Gone By was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

358 +