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Coinbase Phases Out, Doubles Down on Coinbase Earn


Coinbase Phases Out, Doubles Down on Coinbase Earn

Coinbase shuts down its crypto educational platform to focus on its in-house counterpart Coinbase Earn

Cryptocurrency exchange Coinbase plans to shut down cryptocurrency learning platform in favor of its in-house developed counterpart Coinbase Earn.

Industry news outlet The Block reported on Dec. 22 that Coinbase announced in an email to its customers that the exchange plans to only focus on Coinbase Earn and will be “sunsetting” and Coinbase Earn are platforms that compensate their users with crypto assets for learning about them and completing educational tasks. Coinbase had initially acquired in April 2018. users are advised to withdraw their balances by Feb. 2020. Coinbase states that next year it plans on “scaling Coinbase Earn even further by adding more campaigns to the platform, to connect more blockchain networks with engaged crypto users.”

Investing in crypto education

Coinbase Earn launched to the public of 100 countries in mid-May. The initiative on the platform compensated its users for learning about Ethereum-based token 0x (ZRX). Coinbase claims that so far the project “has allowed nearly a million unique users in 115+ countries to earn their share of hundreds of millions of dollars in crypto.”

Education is believed by many to be one of the main obstacles to cryptocurrency adoption and development. As Cointelegraph reported earlier this month, venture capital firm Andreessen Horowitz has shared a list of instructors for its free, seven-week crypto startup school, scheduled to launch in February 2020.

Also this month, the Chamber of Digital Commerce and the Enterprise Ethereum Alliance partnered to facilitate industry advocacy and education efforts around tokenization.

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