Today, Compound is announcing some ridiculously powerful allies for that quest. It’s just become the first-ever investment by crypto exchange juggernaut Coinbase’s new venture fund. It’s part of an $8.2 million seed round led by top-tier VC Andreessen Horowitz, crypto hedge fund Polychain Capital and Bain Capital Ventures — the startup arm of the big investment bank.

Coinbase was founded as a platform and application to transact only with Bitcoin. The company has since announced its intent to add other crypto coins with the goal of becoming a “digital currency company.” 1.)On July 21st, 2016 Coinbase announced that they're is adding support for Ethereum. "Consumers can now easily buy, sell, send, and store Ether in their Coinbase account. To get started, visit the “Trade” page on Coinbase.com or tap on “Buy” or “Sell” options in our iOS or Android apps."