Coinbase Acquires LiquiFi to Enhance On-Chain Development for Start-Ups
Coinbase has acquired LiquiFi, a token management platform utilized by organizations such as the Uniswap Foundation and OP Labs. The deal's terms are undisclosed, but Coinbase aims to facilitate on-chain development for crypto start-ups.
Key points:
- LiquiFi manages team token ownership, vesting schedules, and compliance workflows.
- Coinbase intends to simplify token launches for start-ups, contrasting with Binance's recent launch of its Alpha platform for token incubation.
- This acquisition is part of ongoing mergers and acquisitions in the crypto space.
- COIN shares increased by 1% in pre-market trading after the announcement.