NYSE Makes First-Ever Investment In A Startup: Coinbase

For the first time in nearly 200 years since its inception, the New York Stock Exchange makes an investment in a company. NYSE’s decision to invest follows a trend of higher-risk investment strategy following their acquisition by the Intercontinental Exchange (ICE) in late 2013.

Coinbase, a startup based in San Francisco, is the most popular way to buy and sell Bitcoins in the United States. It is also the largest and most well-funded Bitcoin startup, with over 2 million users and over $75 million raised since its launch in 2012.