Coinbase has a much bigger plan than just pocketing fees from bitcoin trading
Cryptocurrency-exchange Coinbase soared to $1 billion in revenue as a result of the bitcoin bubble. Now it's spreading bets to dominate a vast crypto economy.
Coinbase’s first investment, Compound, earns you interest on crypto
Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate. Most cryptocurrency is shoved in a wallet or metaphorically hidden under a mattress, failing to generate interest the way traditionally banked assets do. But Compound wants to create liquid money markets for cryp…
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