Coinbase Phases Out Earn.com, Doubles Down on Coinbase Earn

Published at: Dec. 23, 2019

Cryptocurrency exchange Coinbase plans to shut down cryptocurrency learning platform Earn.com 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 Earn.com.” 

Earn.com and Coinbase Earn are platforms that compensate their users with crypto assets for learning about them and completing educational tasks. Coinbase had initially acquired Earn.com in April 2018.

Earn.com 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.

Tags
Altcoin
Cryptocurrency Exchange
Cryptocurrencies
Coinbase
Education
Related Posts
Gifting crypto to loved ones this holiday? Educate them first
The mainstream has taken a growing interest in cryptocurrency as the price of Bitcoin (BTC) continues to reach all-time highs. To put this interest into perspective, researchers at the Cambridge Centre for Alternative Finance recently found that 101 million people across the globe currently hold Bitcoin and other digital assets. The report states that in 2018, findings estimated the number of identity-verified digital asset users to be about 35 million globally. With such growth underway, it shouldn’t come as a surprise that crypto holders would get the idea of gifting cryptocurrency this holiday season. Social distancing requirements amid the pandemic …
Adoption / Dec. 23, 2020
Coinbase Looks to Add Support for Telegram and 16 Other Digital Assets
San Francisco-based crypto exchange and wallet provider Coinbase has announced the support for Telegram and 16 additional digital assets. Coinbase adds support for 17 digital assets On Sept. 19, cryptocurrency exchange Coinbase announced that it is considering the addition of a range of new assets; namely, Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. Coinbase added that it intends to explore assets that have not yet launched and which Coinbase may choose to support in the future. Telegram, for example, recently released its Telegram Open Network (TON) testnet explorer and …
Altcoin / Sept. 19, 2019
Coinbase Now Supports Cryptocurrency Token EOS
Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30. The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time. The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions. …
Decentralization / May 30, 2019
Coinbase and Circle Launch USDC Stablecoin With Purported Full Backing in US Dollars
Major U.S. cryptocurrency exchange Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform, Cointelegraph learned at the Money 20/20 conference Oct. 23. The underlying technology behind USDC was developed collaboratively between Coinbase and blockchain-powered payments technology company Circle. Coinbase customers in supported jurisdictions can now purchase, sell, send, and receive USDC at coinbase.com and the exchange’s iOS and Android apps. Coinbase notes in the statement that its U.S.-based customers outside the state of New York are able to buy and sell, while customers around the world can send and receive the …
Altcoin / Oct. 24, 2018
Coinbase Introduces ‘Coinbase Bundle’ Designed to Simplify Crypto Trading
Cryptocurrency exchange and wallet service Coinbase has rolled out a new update called “Coinbase Bundles,” which is designed to simplify cryptocurrency trading, according to an announcement published September 27. Coinbase Bundles is a basket of five cryptocurrencies supported on Coinbase and purchased in proportion to their market capitalization in U.S. dollars. The Bundle consists of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC); the smallest Bundle costs $25, £25, or €25. While Coinbase has not set up a maximum purchase size for a Bundle, the exchange limits daily purchase amounts on a per-customer basis. Once …
Trading / Sept. 27, 2018