Coinbase, one of the biggest cryptocurrency exchanges, purchased Earn.com, a messaging service based on the blockchain technology. The company CEO, Balaji Srinivasan, was employed and the first Chief Technology Officer.
Neither the exchange nor Earn.com disclosed the deal terms, but it was resulted in the positive return on investment for those who have purchased shares of Earn.com. The company raised about 120 mln USD as investment initially, to, there are some hints regarding how much the deal was worth.
As a part of the purchase, Coinbase hired the CEO of Earn.com as a chief technology officer, and the rest of the team is going to move to Coinbase, as well.