Key Points:
- Coinbase has acquired LiquiFi, a token management platform utilized by significant players such as Uniswap Foundation and Optimism, aiming to enhance on-chain development for startups.
- LiquiFi facilitates the management of token ownership, vesting schedules, and compliance, aligning with Coinbase’s vision to simplify token launches.
- This acquisition is part of a recent trend in cryptocurrency mergers and acquisitions, including 0x’s acquisition of Flood.
Cryptocurrency exchange Coinbase (COIN) has announced it has taken over LiquiFi, a platform designed for managing token-related operations. This acquisition aims to assist startups in developing on-chain solutions more effectively. Although terms of the transaction were not made public, Coinbase shared on its blog that this move is intended to streamline the service offerings in the crypto industry.
“Coinbase plans to integrate Liquifi’s capabilities with Coinbase Prime to provide issuers with top-tier tools directly from our market-leading Prime platform,” a Coinbase spokesperson disclosed. LiquiFi is favored by startups for managing team token holdings, vesting schedules, and compliance workflows.
As an industry update, rival Binance has also launched its own platforms for token management and launches, although it remains uncertain if Coinbase will pursue a similar path.
Recent M&A Activity:
- In recent weeks, the crypto sector has seen numerous merger and acquisition actions; for instance, in May, DEX aggregator 0x acquired its competitor Flood, and Nakamoto Holdings has announced its intention to go public through a merger with KindlyMD.
Coinbase’s shares reportedly rose 1% in pre-market trading following news regarding the acquisition.
