Coinbase Buys Bitcoin Startup Earn.com for $120 Million, Hires its CEO as Tech Chief

Coinbase, the largest cryptocurrency exchange in the United States, has acquired Earn.com, a blockchain-based social network portal, in a deal reportedly worth $120 million.  To date, this is Coinbase’s fifth acquisition and its biggest. Earn.com, which was initially called 21.co, launched in 2013 as a maker of bitcoin mining hardware. It pivoted in 2017 by rebranding itself as a social network where people can earn money by answering questions or completing a task.

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