In 2024, the U.S.’s largest crypto exchange acquired three companies. This year, Coinbase has already bought five, including its most recent acquisition: the token management platform Liquifi. Aklil Ibssa, head of corporate development at Coinbase, declined to disclose the terms of the deal, which the company announced on Wednesday.
Liquifi last raised $5 million in a 2022 seed round led by the venture capital firm Dragonfly, with participation from crypto luminaries like Katie Haun and Balaji Srinivasan. Well-known crypto companies like the Uniswap Foundation, OP Labs, Ethena, and Zora use the platform to track who owns what stake of a cryptocurrency, distribute tokens after vesting periods, and manage the intricacies of tax withholdings.
