1 week ago
Cryptocurrency speech Coinbase (COIN) has acquired LiquiFi, a token absorption level utilized by the likes of the Uniswap Foundation, OP Labs (Optimism) and Ethena.
While the presumption of the woody stay undisclosed, Coinbase said successful a blog post that the acquisition volition marque it easier for crypto start-ups to physique on-chain.
LiquiFi is utilized by start-ups to negociate functions similar squad token ownership, vesting schedules and compliance workflow.
Coinbase's rival, Binance, precocious rolled retired an Alpha platform that features token launches and token incubation. It's unclear whether Coinbase volition travel Binance down this way but it did accidental successful the blog station that it wants to "remove the barriers" for start-ups by providing some the merchandise to marque token launches simple.
The acquisition follows a dependable watercourse of M&A enactment successful crypto successful caller weeks; successful May DEX aggregator 0x acquired its rival Flood and successful the aforesaid week David Bailey's Nakamoto Holdings went nationalist via a merger with KindlyMD.
COIN shares roseate 1% successful pre-market trading pursuing the announcement.
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