Prominent crypto exchange, Coinbase dominated the crypto market throughout the year. The exchange was a constant visitor of the headlines as it made news for an array of developments. Acquisitions were on top of the list as the platform went on to bag several platforms. The streak has persisted as the exchange has yet again acquired a crypto aggregator firm.
Coinbase has had a great year. From going public to making numerous partnerships, the exchange managed to secure a spot under the crypto spotlight. While 2020 was filled with negativity for the exchange, following the constant outrages in the firm particularly during peak volatility periods, 2021 panned out to be better.
In more recent news, the exchange went on to acquire Zabo, a cryptocurrency aggregator service provider.
Coinbase prolongs its hotstreak
An announcement revealed that Coinbase had initiated the process of bagging Zabo. The Dallas-based platform offers an array of services including data integration of prominent wallets and exchanges. Zabo entered the market back in 2018 and has a close association with the crypto exchange, Kraken which is considered as one of Coinbase’s rivals.
The co-founder of Zabo, Alex Treece elaborated on the latest partnership and stated,
“Zabo unlocked something truly magical: making it incredibly simple and easy to connect cryptocurrency accounts and finally unify users’ complete financial picture. We are very excited to join Coinbase, which has done more than perhaps any other company in advancing the mission of bringing cryptocurrency mainstream.”
Additionally, the co-founder noted how the firm had advanced over the last three years and came out strong while establishing Zabo API which is reportedly the “world’s most powerful tool for connecting to any crypto exchange, wallet, protocol or account.”
From this latest news, it can be inferred that Coinbase’s buying spree hadn’t stopped. The exchange continues to dominate the crypto space amidst immense pressure from the regulators.