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Coinbase acquires infrastructure solutions provider Bison Trails

The largest American bitcoin exchange Coinbase has bought infrastructure and blockchain solutions provider Bison Trails. The amount of the deal was not disclosed.

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.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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