Coinbase Shuts to Focus on Coinbase Earn
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Dec. 23, 2019
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Popular US cryptocurrency exchange Coinbase has reported that it has decided to shut in order to focus its efforts on its Coinbase Earn platform.

The crypto trading platform acquired, a micro-tasking platform, for $100M last April.

Coinbase Earn allows its users to earn cryptocurrencies for completing certain tasks. According to the exchange:

"Coinbase will start scaling Coinbase Earn even further by adding more campaigns to the platform, to connect more blockchain networks with engaged crypto users."

According to the exchange, users have until February 20, 2020, to withdraw their funds.

iHodl reported in June that Coinbase had just added the stablecoin Dai to its Earn education program. In October it was known the cryptocurrency trading platform was interested in adding the development team of Ripple-backed startup Omni to its Coinbase Earn project.

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