The donation went through Coinbase’s GiveCrypto initiative, which the exchange announced in December it planned to wind down.
Cryptocurrency exchange Coinbase has donated $3.6 million to Brink, a nonprofit organization supporting developers for the Bitcoin (BTC) blockchain.
In a Feb. 16 X post, Brink credited Coinbase CEO Brian Armstrong and the exchange’s team for donating to “Bitcoin developing funding efforts.” The platform said the donation had “no strings attached” and would support engineers working on open-source development for the BTC blockchain.
Coinbase’s GiveCrypto initiative, used to facilitate the Brink donation, was launched by Armstrong in 2018. The exchange announced in December 2023 that it planned to wind down the platform after being “unable to create lasting change purely through unconditional cash transfers.”
