Mitsubishi UFJ Invests in Bitcoin Startup Coinbase
Bitcoin exchange provider Coinbase has raised $10.5m in new funding from investors including Bank of Tokyo Mitsubishi UFJ, Mitsubishi UFJ Capital and Silicon Valley VC firm Sozo Ventures. The investment coincides with the announcement that MUFG subsidiary Bank of Tokyo Mitsubishi UFJ has entered into a strategic partnership with Coinbase, and follows rumors the San Francisco startup had been working on a proof-of-concept with an unknown Asian bank. In statements, Coinbase said that the partnership will help it bridge the gap between blockchains and the traditional financial industry.....
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Bitcoin exchange and platform Coinbase has announced new investment and partnership with the Bank of Tokyo-Mitsubishi UFJ (BMTU), Japan’s biggest bank. The endeavor will see Coinbase look toward expansion efforts in Japan and Asia. Bitcoin exchange and services platform Coinbase will raise $10.5 million from Japanese investors today with the aim to launch services in Japan. Currently, Coinbase only has an Asian presence in Singapore. Investors include the Mitsubishi UFJ Financial Group (MUFG) and the Bank of Tokyo-Mitsubishi UFJ (BMTU) Japan’s largest lender and bank, respectively. The....
Coinbase, the leading cryptocurrency company has today announced its partnership with a leading Japanese financial institution, Mitsubishi UFJ Financial Group Inc. (NYSE : MTU). The partnership involves Mitsubishi Financial and others making a considerable investment of $10.5 million in the digital currency company. The recent influx of investment will play a very important role in Coinbase’s future as it will help the company in its expansion spree. At the same time, the investment in Coinbase makes it the first investment for Mitsubishi UFJ Financial Group in the digital currency sector.....
Rapper Nas invests into bitcoin startup Coinbase. “Nasir Bin Olu Dara Jones (born September 14, 1973), better known simply as Nas is an American rapper, songwriter and actor. Nas has released eight consecutive platinum and multi-platinum albums and sold over 25 million records worldwide. Aside from rapping and acting, Nas is an entrepreneur through his own record label, retail sneaker store, and magazine publishing.” No surprise that he has been really interested in the crypto currency world along with his manager Aymen Anthony Saleh, and not only interested but actually invested into....
Coinbase is changing up its user experience. Unveiled late last month, the updated dashboard helps bridge the two main parts of Coinbase's business – a bitcoin storage tool and exchange. Coinbase launched the new user experience today, a move that takes it out of an early beta trial. The redesign follows a busy year for Coinbase. So far, the bitcoin startup has embraced ethereum (despite criticism from some quarters of the community) and raised $10.5m in new funding from sources including the Bank of Tokyo Mitsubishi UFJ. The company even launched trading for litecoin this summer. In sum,....
Coinbase is launching in Japan through a new partnership with one of the largest banks in the country, Mitsubishi UFJ (MUFG) Financial Group.