Copy link
Increase text size
Decrease text size
Link copied

Coinbase to discontinue to focus on Coinbase Earn product

Coinbase Earn Homepage Screenshot (TokenPost)

Tue, 24 Dec 2019, 04:12 am UTC

Cryptocurrency exchange Coinbase has announced that it will be shutting down and exclusively focus on Coinbase Earn, The Block reported.

Coinbase had acquired, a platform that allows senders to pay users in cryptocurrency to reply to emails and complete tasks, in April 2018 for reported $100 million. Brian Armstrong, co-founder and CEO at Coinbase, said at the time that they will be “doubling down on the Earn business within Coinbase.”

However, in an email to its customers, the exchange has now announced that it will be "sunsetting to focus exclusively on Coinbase Earn." users can withdraw their balances until February 20, 2020.

Coinbase Earn was first launched in December 2018 in invite-only mode. It allows users to earn crypto for answering quizzes, completing tasks, and trying new decentralized protocols. Coinbase Earn users can earn by learning the leading cryptocurrencies – Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), 0x (ZRX), Orchid (OXT), Tezos (XTZ), Dai (DAI), and EOS (EOS).

The exchange claims that Coinbase Earn has “allowed nearly a million unique users in 115+ countries to earn their share of hundreds of millions of dollars in crypto."

Stating its plans for the forthcoming year, Coinbase said that it will be "scaling Coinbase Earn even further by adding more campaigns to the platform, to connect more blockchain networks with engaged crypto users."

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,215.20 (+6.37%)
  • Ethereum (ETH) $163.43 (+13.97%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $251.10 (+8.45%)
  • Bitcoin SV (BSV) $189.82 (+9.10%)
  • Bitcoin (BTC) $7,215.20 (+6.37%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.