Coinbase Acquires Cryptocurrency Custody Startup
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Answer Coinbase Acquires Cryptocurrency Custody Startup
Coinbase has acquired a BRD startup, according to a notice from the company’s team.
In a letter to BRD clients published on Wednesday, the company’s co-founders Adam Traidman and Aaron Voisin said:
Today, we would like to share the news that our team members will continue our mission at Coinbase, where we will work together to bring the power of decentralization to more users around the world.
The founders also stated:
Nothing will change in the BRD Wallet app and as always, your money is safe and secure.
The wallet can continue to be handled normally.
In the future, BRD wallet users will have an optional transition path to self-booking using Coinbase, which will include a special gift.Read:After the robbery…Team Binance prepares for governance votes on what to do
Stay tuned for more details in 2022.
In a Twitter message, the Coinbase team wrote:
The BRD team will join the Coinbase wallet to help accelerate Web 3.0 adoption.
The team brings deep expertise in custodial and self-storage to crypto wallets, which will help the wallet empower more people to securely access the decentralized crypto world.
It’s unclear at this time what will happen to the company’s BRD cryptocurrency, which is used as part of a customer loyalty program.
The BRD cryptocurrency has a market capitalization of around $14 million and is traded on the Binance cryptocurrency exchange.Read:Hackers infiltrate software company and demand $70 million in Bitcoin as ransom
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