In 2024, the largest crypto exchange in the United States acquired three companies. This year, Coin base Bought four, including the latest acquisition: the TOKEN Management Platform Liquifi. Aklil Ibssa, head of corporate development at Coinbase, refused to disclose the conditions of the deal that the company announced on Wednesday.
Liquifi recently collected 5 million US dollars in a seed in 2022 under the direction of the risk capital company Dragonfly with the participation of crypto lights such as Katie Haun and Balaji Srinivasan. Well-known crypto companies such as the Uniswap Foundation, OP Labs, Ethena and Zora use the platform to follow, who has a cryptocurrency, distribute the tokens according to exercise periods and manage the finities of tax defenses.
“Token creation and cap -table management are part of the process,” said Ibssa Assetsrefers to the life cycle of a cryptocurrency. “If we want to get a billion people into the chain, this process must be much easier and less broken.”
Liquifi has compared Even on the private equity management platform Carta, on which investors can manage the participations in traditional stock transactions. A competitor Toku in December laminated Liquifi, because he was supposedly conspired by a former employee because he had stolen confidential business documents. Liquifi has contested any misconduct, and Coinbase said that it will help the company in his defense.
“We are ten toes deep with Liquifi and in their corner,” said Ibssa. “We have taken care of this.
The acquisition of Liquifi by Coinbase is the youngest in a wave of mergers and acquisitions in crypto. This year Coinbase Spindl, a advertising book company based in crypto, and the team behind Iron Fish, acquired a blockchain based on privacy. And in May Coinbase announced The blockbuster acquisition of the Crypto derivates Company Deribit for 2.9 billion US dollars. It is the greatest purchase of a crypto company in the 16-year history of the industry.
Coinbase is not the only heavyweight purchase company. The fintech giant Strip The Stablecoin Startup Bridge officially bought 1.1 billion dollars in February. And in June, Stripe announced the purchase of the Crypto Wallet company for an unsolicited price.
End-to-end
Coinbase’s decision to acquire Liquifi brings the crypto exchange so that the competitors like Binance and OKX came closest. They have what they call “launchpads”, or platforms with which projects can easily launch their own cryptocurrencies. Instead of simply collecting fees after listing a token, Binance earned money earlier in a cryptocurrency life cycle earlier.
Liquifi is not a launchpad, but it extends the repertoire of Coinbase to list as just tokens. “It brings us a step closer to this end-to-end platform,” said Ibssa.
In contrast to Binance, Coinbase is a listed company in the USA and regulates the Securities and Exchange Commission. Under Gary Gensler, the former chairman under President Joe Biden, the SEC argued that the vast majority of cryptocurrencies or financial assets such as stocks and bonds that have to register with the agency was comparable.
Ibssa, the Coinbase Executive, said his company had also acquired Liquifi under Gensler. Nevertheless, the Pro crypto management under President Donald Trump has the exchange more ambitious, he said.
“The regulatory clarity enables us to take larger swings,” he added.
