The New York-based venture capital firm, Union Square Ventures has announced new investments, including US exchange Coinbase, writes CNBC.

In a week when a competing venture capital firm, Andreessen Horowitz, announced its first-ever fund dedicated to crypto companies, Managing Partner at Union Square Ventures, Albert Wenger has said his company won’t take the same route, stating, “We see a lot of upside to keeping it under the same roof.”

Although the company has no plans to create a separate fund as some of its VC competitors have, it sees big profits in the future:

“Investors are rationally pouring a lot of money into this sector because I think people are seeing the winning blockchain here might be worth a trillion, or a couple of trillion dollars,” Wenger said. “It’s not at all crazy to think that.”

To read the full article go to: https://bitcoinnews.com/union-square-ventures-to-tap-into-potential-trillion-dollar-crypto-future/