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Bitcoin Exchange Gets $100 Million Investment

By Tony Seruga

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

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