Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.

Stories

Coinbase adds venture capital arm

Bitcoin course's graph is seen on the Coinbase cryptocurrency exchange application on February 12, 2018 in Paris, France. Photo: Chesnot/Getty Images

Coinbase is adding a venture capital arm, Coinbase Ventures, to invest in early stage companies in cryptocurrency and financial tech, it said on Thursday.

Why it matters: Bitcoin has been around for almost a decade but the cryptocurrency industry is still nascent. It's no surprise that Coinbase, as one of the best known and well-capitalized companies in this space, would want to invest and form early relationships with other promising companies.

More stories loading.