Coinbase's President, Asiff Hirji, made a large announcement about a new fund that's opening - but it's not a fund open to investors. The new fund is meant to fund new cryptocurrency companies. It will be venture capital funding for people within the coinbase network and for people with crypto ideas that meet regulatory hurdles.

Some in the cryptocurrency world were hoping it would be something more meaningful like a additional crypto-coin on the platform. But sadly... we still have to wait for that to happen.

Here's a source with Asiff Hirji talking more about it:

https://twitter.com/AsiffHirji/status/982020207655956480

don't forget to upvote and reblog :D

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