One headline from the past week stands out among the rest: Coinbase could be raising more money. The company is said to be in talks to raise up to $500 million from Tiger Global at a valuation of $8 billion. Although Coinbase was thought to be turning away investors earlier this year, it seems the crypto company has come around to the idea of accepting a cash infusion.
Coinbase’s smaller rivals, meanwhile, are busy. Abra, a mobile cryptocurrency wallet app, is rolling out an index product for retail investors, joining a host of crypto companies—Coinbase included—that have moved to provide similar products for accredited investors. We have more details on that below.