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