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RE: Coinbase acquires Earn.com as it attempts to become the Google of the Cryptocurrency Industry
The acquisitions have been coming fast and furious.
I think we can all agree that this is good news for the short and intermediate term; Coinbase is almost the sole gateway between Fiat and crypto, and if it grows, that's just bullish :-) Still, like many have said here already: we don't need more centralization and we most certainly don't need a new Google! That's why I'm even more bullish about the recent efforts of competitors like Binance and Bittrex to also introduce Fiat trading pairs. And of course walhalla would be a decentralized version of that, which they are also working on.
Thanks for this, @jrcornel; you've given us one more reason to be optimistic about growth in crypto-space!
Yes good points. Though I see this more as Coinbase recognizing that they likely won't stay the number one crypto exchange for much longer and transaction fees are likely going to be coming down. So, they are diversifying their revenue streams to protect themselves when that time comes.
I think you're right, especially when you combine this news with the announcement that they wil be adding erc20 token support in the coming months; Coinbase is reacting to all this. All things considered: very bullish news indeed :-)