Coinbase Acqures Earn.com – Hires CEO

Coinbase Acqures Earn.com – Hires CEO

The paid messaging service enabled by blockchain technology, Earn.com, was acquired by Coinbase on April 16 as reported by TechCrunch.

Neither company disclosed the terms of the deal however a representative stated that a positive ROI for those who backed Earn.com was acquired.

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The Earn.com team will be moved over to Coinbase as part of the acquisition. The CEO, Balaji Srinivasan, was also hired as the Chief Technology Officer. He holds a BS, MS, and PhD in electrical engineering as well as chemical engineering. He is also an early adopter of blockchain technology and cryptocurrency.

Srinivasan states…

“With Coinbase’s user base and distribution muscle, I think it could hit $100 mln in ARR in a few months. I’m proud of the fact that we turned what could have been a disaster into a successful product and I’m excited about the road ahead.”

Coinbase has been on a streak of hiring new talent as of recent. Last week it hired a new Vice President Of Communications, Rachel Horowitz, who was the Director Of Technology Communications at Facebook.

Back in December 2017 David Marcus, the former PayPal and Facebook executive, joined Coinbase’s Board of Directors. The CEO of Coinbase, Brian Armstrong, stated that Marcus has extensive knowledge of both the payments and mobile space. He would help guide Coinbase moving forward.

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