tl;dr
Coinbase, the largest cryptocurrency exchange in the United States, has made a significant $3.6 million donation to Brink, a non-profit organization supporting Bitcoin developers. The funds, which come from a Coinbase initiative called GiveCrypto, will be channeled toward Bitcoin core developers. Va...
Coinbase, the largest cryptocurrency exchange in the United States, has made a significant $3.6 million donation to Brink, a non-profit organization supporting Bitcoin developers. The funds, which come from a Coinbase initiative called GiveCrypto, will be channeled toward Bitcoin core developers. VanEck, another Bitcoin ETF issuer, has also pledged support for core developers. Meanwhile, Coinbase CEO Brian Armstrong has outlined the exchange's plans for 2024, focusing on international expansion and driving up trading fee revenue. This has led to a 27% growth in Coinbase shares in the past week.
Coinbase, the largest cryptocurrency exchange in the United States has donated $3.6 million to Brink, a non-profit organization supporting Bitcoin developers. Brink will funnel donations toward Bitcoin core developers, with funds coming from GiveCrypto, a Coinbase initiative. VanEck, another Bitcoin ETF issuer, has pledged 5% of profits from its BTC fund to core developers. Coinbase CEO Brian Armstrong has outlined plans for 2024, focusing on driving up trading fee revenue, and international expansion, leading to a 27% growth in Coinbase shares in the past week. This comes in the wake of Brink's announcement of the significant monetary contribution from Coinbase, with no strings attached to the funds to support the work of its engineers on the Bitcoin network. VanEck has also pledged support for core developers, mirroring Coinbase's commitment to the Bitcoin community. In a recent post on X, Coinbase CEO Brian Armstrong has outlined the exchange's plans for 2024, aspiring to drive up its trading fee revenue with international expansion and derivatives. This focus has already yielded a 27% growth in the company's stock shares.
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