Coinbase is buying for about $100 million in a deal that is mostly about one key hire

A huge part of the deal’s appeal to Coinbase is the chance to bring Balaji Srinivasan on as CTO. Coinbase has made its first real acquisition.

In a deal that shows how the cryptocurrency platform continues to mature and expand, Coinbase is buying, a portal that allows people to make money by answering emails or completing other tasks.

Coinbase’s offer was slightly more than $100 million, according to people familiar with the deal, though with some juicy earn-outs for Earn leadership. Earn encountered some pushback from its investors at that...

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By: Re/code - 7 days ago

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