Coinbase, the largest American bitcoin exchange, invested in Titan, the mining-infrastructure software developer. The amount of the investment is not disclosed in the press release.
Coinbase Ventures’ funding will help Titan continue work on the company’s products aimed at professional miners in the United States. The funds will be directed toward developing software for pools.
Earlier the firm launched Titan Pool in collaboration with CoinMint and CoreScientific, two of the leading providers of mining infrastructure. The pool cited its advantage as delivering solutions that meet US regulatory requirements.
Coinbase also launched Asset Hub to broaden collaboration among players in the industry. The product is intended for issuers of digital assets seeking to list on the exchange.
“Our aim is to enumerate all possible assets that meet regulatory requirements,” said Surajit Chatterjee, Coinbase’s Chief Product Officer.
Earlier, Coinbase filed an S-1 with the U.S. Securities and Exchange Commission to conduct a public offering.
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