Coinbase Supports Bitcoin Developers With $3.6 Million Donation To Brink
February 18, 2024
Coinbase, the largest cryptocurrency exchange in the United States, has donated $3.6 million to Brink, a non-profit organization aimed at supporting the Bitcoin developer community.
Brink To Funnel Donations Toward Bitcoin Core Developers
On Friday, February 16, Brink shared – via a post on X – this significant monetary contribution by Coinbase. The non-profit organization took to the social media platform to thank Coinbase’s CEO Brian Armstrong and the exchange’s team.
According to Brink, the donated funds come with no strings attached, and the money will be channeled toward its engineers and their development work on the Bitcoin network. Interestingly, the $3.6 million came through GiveCrypto, a Coinbase initiative designed to give out cryptocurrencies to those in need.
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Author: Opeyemi Sule