Coinbase, Exchanges

What Crypto Is Coinbase Invested In?

Crypto is a digital or virtual currency that uses cryptography for security. A key feature of crypto is that it is decentralized, meaning it is not subject to government or financial institution control.

Coinbase, one of the largest cryptocurrency exchanges, announced in February 2018 that it had invested in Crypto Facilities, a UK-based cryptocurrency trading platform. The investment was part of a Series A funding round for Crypto Facilities, which raised $12 million.

Coinbase has not disclosed how much it invested in Crypto Facilities, but the investment gives Coinbase a minority stake in the company. The deal also includes an agreement for Coinbase to provide custodian services for Crypto Facilities’ customers.

NOTE: WARNING: Coinbase does not publicly disclose what crypto assets it is invested in. Investing in any cryptocurrency carries a high degree of risk and you should always research the asset thoroughly before investing. Furthermore, it is important to do your own due diligence before investing in any asset, as the value of cryptocurrencies can be unpredictable and volatile.

The investment in Crypto Facilities is part of Coinbase’s ongoing effort to expand its reach into the cryptocurrency trading market. In December 2017, Coinbase launched Coinbase Pro, a cryptocurrency trading platform for professional traders.

And in January 2018, Coinbase acquired Paradex, a decentralized exchange that allows users to trade directly from their wallet.

The investment in Crypto Facilities is also part of Coinbase’s strategy to become a one-stop shop for all things crypto. In addition to its exchange and custodian services, Coinbase also offers a wallet, merchant tools, and an index fund.

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