Exciting news for Coinbase – the first US regulated Bitcoin exchange – as they get another first. The first company that the NYSE (New York Stock Exchange) has ever invested in since they were founded in 1817. Yes you read that right. For the first time in almost 200 years the NYSE has invested in a company. They are part of a $75 million round of funding for Coinbase. The Wall Street Journal reports:
The round included investments from several banks and individuals in financial services: USAA Bank; BBVA Ventures, the San Francisco-based investment arm of Spain’s Banco Bilbao Vizcaya Argentaria SA ; and the NYSE. They all made investments of between $1 million and $10 million, Coinbase Chief Executive Brian Armstrong said. NTT DoCoMo , Japan’s biggest mobile-phone operator, is also an investor.
I'm thrilled to see traditional banking and stock exchange taking notice of Bitcoin and it's potential! I can't wait to see what Coinbase does next.
via Reddit and CrunchBase
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