Crypto-currency exchange says its going public, raising more than $10m from investors
Business Insider UK article A day trading exchange has raised more than US$10m through a crowdsale, it said on Monday.
Coinbase said it raised a total of US$8.4m to date through the ICO, which it said took place on Monday and will continue until the end of the month.
The company aims to raise up to US$100m in the token sale.
CoinBase said the funds will be used to fund infrastructure improvements, marketing, operations and sales of the exchange.
The tokens are a way for investors to buy and sell crypto-currencies in the US, Europe, Asia and beyond.
CoinDesk reports from London.