Industry News Update – Week of 6/11/2018:

Last week, Coinbase acquired KeyStone Capital to provide blockchain-based securities as a regulated broker-dealer.

Grab announced that the company generated more than $1 billion in annual revenue.

Wish earned more than $1 billion in revenue in 2017 and stated that its revenue more than doubled every year since its inception.

The news articles and links presented below are available for your reference.

COINBASE

"Coinbase Acquires Keystone Capital in bid to Become a Regulated Broker-dealer"

GRAB

"Ride-hailing Major Grab Reveals Annual Revenue Now Exceeds $1b”

WISH

"Shopping app Wish is Building a Retail Empire on $2 Sunglasses"