Cryptocurrency exchange Coinbase said on Monday that it has acquired, makers of a paid email product that lets people earn bitcoin for replying to emails or completing surveys.

As part of the deal, co-founder Balaji Srinivasan will join Coinbase as its first ever chief technology officer. Srinivasan will also take on an evangelist role for Coinbase and cryptocurrency at large, "educating the world and recruiting crypto-first talent to the company," Coinbase CEO Brian Armstrong said in a blog post[1]. formerly operated as a bitcoin mining company under the name Last year it rebranded itself as a social network and is now regarded as one of the few practical blockchain applications to gain meaningful traction.

Srinivasan said in a separate blog post[2] that is a cash-flow positive business with a multimillion dollar revenue run rate and "hundreds of thousands" of users. As part of Coinbase, Srinivasan said will continue to operate as a standalone business but will work to scale its model across Coinbase's user base.

Financial terms of the deal were not disclosed, but Srinivasan said in his post that "the total value of cash, cryptocurrency, and equity returned to our shareholders is now in excess of the capital invested in the company."


Coinbase adds Ethereum ERC20 support[3]

Coinbase has said that it plans to support the Ethereum ERC20 technical standard for tokens in the coming months.

Coinbase plans to launch cryptocurrency index fund[4]

The launch marks the first cryptocurrency exchange to adopt a system more traditionally used to trade stocks and shares.

Coinbase rejects rumors of Ripple trading addition[5]


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