For this, the trading platform acquired the startup Bison Trails.
Popular digital asset exchange Coinbase buys digital asset market infrastructure provider Bison Trails. Information about this appeared on the blog of the trading platform.
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- The Bison Trails acquisition will be one of the company’s largest deals, Coinbase said. How much the purchase of an infrastructure provider for the digital asset market will cost the exchange is unknown.
- The deal was for Coinbase a step towards the development of the IaaS direction (infrastructure as a service) by the company.
- According to representatives of the exchange, the designated area of work, despite the fact that it is not so popular at the moment, is one of the most promising in the digital assets market.
- The company acquired the startup amid plans to go public with the exchange. Earlier, it was reported on the network that Coinbase began working with the US authorities to increase the chances of a successful placement of securities.
We will remind, recently in the media leaked information that the trading platform is underpaid for black employees and women.