- Fred Ehrsam is an advisor at ZRX and is also the co-founder of Coinbase
- Linda Xie is also an advisor at ZRX and is also associated with Coinbase as the former capacity of PM.
- Olaf Carlson-Wee is again an advisor at ZRX and has worked at Coinbase in the capacity of PM.
Last but not the least; ZRX is a sponsored project by Coinbase.
Silicon Valley culture:
It is common for Silicon Valley companies to invest in new start-ups and thereafter, to give them a leg up by increasing their business. After Coinbase’s listing of ZRX, the significant increase of the value of ZRX took place. Not only the blockchain became more popular but also the valuation of the cryptocurrency will shoot through the roof. This will ensure that it is able to gain as well. Thereafter, it will just have to worry about the long-term capital gains tax which it makes on ZRX. Moreover, it can do so for the other blockchain projects in which it has invested as well.
One thing which is certain is that Coinbase certainly likes to increase the valuation of the blockchain-based projects in which it is invested. The easiest way to do so is to list them on the blockchain. As a result, automatically the venue increases significantly. Also, it remains to be seen whether it is willing to add a new coin after the last of the debacle in which charges of insider trading were levied on it during the listing of Bitcoin Cash. However, that was quite a few months back and Coinbase has taken steps in order to ensure that such a debacle actually does not happen again.