Prominent cryptocurrency exchange, Coinbase seems to be going all out in terms of acquiring platforms. The San Fransisco-based digital asset exchange recently caught the attention of many after its plans to go public were revealed. As the exchange was seen preparing for its initial public offering [IPO], Coinbase went on to acquire another blockchain platform in less than a month.
Coinbase Bags Bison Trails
The interest the cryptocurrency industry is garnering right now is almost unexplainable. With the value of almost all the assets skyrocketing, people are seen pouring into the industry. As crypto platforms are required to spruce up their games, Coinbase was seen prepping the right way. In a recent blog post, Coinbase revealed that it was teaming up with Bison Trails, a blockchain infrastructure platform.
Blockchain and crypto have moved past their nascent stage in terms of adoption. From being outrightly condemned by officials, to becoming a trillion-dollar industry, the crypto-verse has come a long way. Coinbase, with its latest acquisition, hopes to stimulate the adoption of blockchain technology through an easy to use infrastructure throughout the globe. The blog post further read,
“By joining forces, we aim to bring the advanced technology that the Bison Trails team has developed — and continues to develop — to more projects and more companies around the world. […] Bison Trails will serve as a foundational element within Coinbase’s ecosystem suite of products, powering all participants in the cryptoeconomy.”
Bison Trails spearheaded by Aaron Henshaw and Joe Lallouz entered the blockchain industry back in 2018. The prominent blockchain platform will reportedly function as a standalone product. In its recent post, Bison Trails revealed that the platform had worked with the exchange in the past.
Earlier this month, the crypto exchange announced the acquisition of Routefire to bolster its trading activities. While the capital involved in this acquisition was undisclosed, the exchange hadn’t revealed any financial data of its latest partnership either.
