Coinbase is shutting down the startup Earn.com which it acquired for an estimated $100 million last year. The email service allowed senders to pay users in digital currency for replying to commercial messages or completing tasks.
Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million
Coinbase Says Goodbye to Earn.com
San Francisco-based cryptocurrency trading platform Coinbase has reportedly decided to shut down Earn.com (formerly known as 21 Inc). The exchange notified clients of the decision via email, explaining that it is “sunsetting Earn.com to focus exclusively on Coinbase Earn,” The Block reported on Monday. Users of the service were given about two months’ notice until they have withdraw all their funds.
The company also added that it plans on “scaling Coinbase Earn even further by adding more campaigns to the platform, to connect more blockchain networks with engaged crypto users.” Coinbase Earn is a service meant to incentive people to learn more about new cryptocurrencies. The educational platform rewards…