Coinbase Announces Acquisition of Crypto Wallet Firm BRD

© Reuters

By Sam Boughedda — U.S. cryptocurrency exchange Coinbase Global Inc (NASDAQ:) announced late Wednesday that it has acquired crypto wallet company BRD.

Coinbase shares closed down 1.5% on Wednesday.

There were no financial details provided, but a tweet from Coinbase Wallet said BRD will be joining the company to help it accelerate web3 adoption.

“We have great news – the BRD team will be joining @CoinbaseWallet to help accelerate web3 adoption. The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto,” the tweet read.

According to its website, BRD, which is focused on decentralization, security, and customer-controlled funds, was launched in 2014 and currently has over 8 million customers in more than 170 countries.

In a blog post announcing the news, BRD told customers that “in the future, BRD wallet users will have an optional migration path to self custody with Coinbase Wallet, which will include a special gift.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.