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Coinbase Turns Early Seed Investor with New Venture Capital Fund

Coinbase, the first cryptocurrency “unicorn,” is launching a venture capital fund to incubate early-stage startups in the burgeoning industry. The San Francisco-based cryptocurrency exchange and brokerage firm made the announcement on Thursday, stressing that the fund — dubbed Coinbase Ventures — will invest solely in companies, not cryptoassets. “We’re going to invest off our balance

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