We are pleased to announce that Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase.

One of Reinventure’s primary objectives is to create opportunities between its portfolio companies and Westpac, Reinventure’s largest investor and one of the top 15 largest banks in the world. We plan to work closely with Reinventure and share insights into the use of digital currencies globally.

Coinbase allows users to buy and sell bitcoin in 25 countries and is focused on adding new countries all the time. We look forward to working with Reinventure and bringing bitcoin to new markets around the world.