Coinbase acquires crypto wallet provider BRD's team as utility token price surges 500%
- November 25, 2021 5:02 PM
- Cryptocurrency News
Coinbase acquires crypto wallet provider BRD's team as utility token price surges 500% | COSS Exchange
Crypto wallet provider BRD said "nothing will change" for users following an acquisition from major U.S. crypto exchange Coinbase (NASDAQ:COIN).In a Wednesday letter to BRD users, CEO Adam Traidman and co-founder Aaron Voisine said some of the company’s team members would be moving to Coinbase to continue working on crypto wallets. Coinbase Wallet said on Twitter (NYSE:TWTR) that the addition of the BRD team would "help accelerate web3 adoption" as well as provide "deep expertise in self-custody."