Coinbase Expands Acquisition Strategy with Liquifi Deal
Coinbase has announced it is acquiring Liquifi, a platform specializing in managing cryptocurrency tokens for early-stage projects.
The deal, first reported in a Wednesday blog post, aims to simplify regulatory and compliance hurdles for businesses building on-chain and adopting token-based systems.
Liquifi is already utilized by prominent entities such as the Uniswap Foundation and OP Labs. The platform offers features like vesting schedules and compliance tools to manage token distribution and legal obligations.
This acquisition continues Coinbase’s active deal-making year. So far in 2024, Coinbase has completed five major acquisitions. Previous targets included browser product Roam, the on-chain advertising platform Spindl, futures exchange Deribit (purchased for $2.9 billion), and the team behind privacy-focused network Iron Fish.
The company explains that integrating Liquifi’s capabilities, particularly with Spindl and the Iron Fish team, supports its layer-2 scaling network Base, aiming to facilitate broader “global-scale app adoption.”
Investors can already manage token holdings through Liquifi, with advanced features potentially being incorporated into Coinbase Prime, the exchange’s institutional brokerage platform.
According to Yahoo Finance data, Coinbase’s stock rose 2.4% following the news, trading near $343.50.
Decipher attempted to reach Coinbase for additional comment but received no response.
