The largest American bitcoin exchange Coinbase has bought infrastructure and blockchain solutions provider Bison Trails. The amount of the deal was not disclosed.
We’re proud to announce that @BisonTrails is joining Coinbase. Much like how managed infra drove web-based innovation, we believe turn-key solutions to complex crypto challenges will allow tomorrow’s builders to focus on what they do best: building. https://t.co/OuIOAtNG0j
– Coinbase (@coinbase) January 19, 2021
In a commentary to The Block, Coinbase Chief Product Officer Surojit Chatterjee said the acquisition of Bison Trails would help the company strengthen its position in infrastructure blockchain services and monetize in-house products.
“Coinbase will explore new external API services that include security, identity and payments,” Chatterjee added.
Bison Trails will continue to operate as a standalone company offering staking and node maintenance services. Coinbase will remain one of the key customers of the infrastructure and blockchain solutions provider.
The exchange announced the takeover a month after filing an IPO application with the US Securities and Exchange Commission.
In March 2019, Bison Trails raised over $ 5 million in seed funding.
In November 2019, Blockchain Capital, Coinbase and others invested $ 25.5 million in a blockchain solution provider.
In January, Coinbase acquired institutional-oriented startup Routefire and invested in mining software developer Titan.
Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news and polls.
Found a mistake in the text? Select it and press CTRL + ENTER
