Coinbase to sponsor Bitcoin core developers for first time

Crypto exchange operator Coinbase is set to sponsor two bitcoin developers for the first time, the firm announced Thursday. 

The firm has drawn criticism from the community for not backing the developers whose coding work helps secure the Bitcoin network. In recent months, the practice has become more popular among crypto companies. BitMEX, OKCoin, Square, and even investment firm Paradigm have all announced their own grants to Bitcoin developers. 

Coinbase said in blog post that it is looking for developer who can contribute tooling to the network, improve testing, and contribute code. Grant recipients can apply for the new grants, here

"We believe helping to connect and grow the cryptoeconomy is essential to building an open financial system for the world," Coinbase said.