Coinbase forms Political committee to raise money

Cryptocurrency Exchange Coinbase is raising money to spend on US Elections by forming a political action committee (PAC) said the digital currency exchange in its public statement on Friday.

So far the new establishment of Coinbase had not yet raised money as of June 30, Reuters reported.

In the month of May, Coinbase has declared it is planning to innovate its trading tech and create new services to attract more investors including hedge funds and high-frequency trading firms.