Coinbase to discontinue Earn.com 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 Earn.com and exclusively focus on Coinbase Earn, The Block reported.
Coinbase had acquired Earn.com, 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 Earn.com to focus exclusively on Coinbase Earn." Earn.com 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."
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