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Coinbase Just Bought One of Bitcoin's Best-Funded Firms


Cryptocurrency startup Coinbase has announced the acquisition of, one of the industry's best-funded startups. According to a new report from Recode, the Coinbase deal "was slightly more than $100 million. As part of the acquisition, Balaji Srinivasan, co-founder and CEO of, will become Coinbase's first chief technology officer. The team will be integrated with Coinbase's operations and its existing business will continue, Coinbase said. The news comes just days after another acquisition deal, announced last Friday, which saw Coinbase snap up mobile ethereum wallet Cipher Browser.


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