Coinbase has acquired San Francisco-based startup Distributed Systems Inc., which works on decentralized identity solutions
A move towards decentralized crypto currency trading which will be cheaper for traders.
This is a move towards decentralized crypto currency trading which will be cheaper for traders than the current centralized trading model. Coinbase has to do this or go extinct.
Coinbase has previously acquired companies in order to expand its services. In June, the exchange acquired securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., and Digital Wealth LLC in order to become a fully regulated broker dealer with the U.S. Securities and Exchange Commission. The acquisition could help Coinbase extend its offerings and subsequently expand into non-crypto financial products.
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