Bitcoin Exchange Gets $100 Million Investment

  • Coinbase receiving money from IVP, Spark Capital, others
  • An ether price crash and confusion have upset customers

Coinbase Inc., the digital currency exchange that in the past two months suffered a trading crash and upset customers over how it handled the bitcoin split, received a $100 million investment from a group led by IVP.

Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates also participated, according to a statement Thursday. Coinbase plans to use the money to expand its engineering and customer support staff, open a New York office for its professional trading platform GDAX and grow Toshi, “a mobile browser for the ethereum network that provides universal access to financial services,” said Megan Hernbroth, a spokeswoman…

Bitcoin Exchange Gets $100 Million Investment

Categories : Finance

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