Coinbase, the world’s largest cryptocurrency exchange, has acquired the BRD crypto wallet firm to accelerate the adoption of Web3. Coinbase can now offer a more complete suite of cryptocurrency services by acquiring Bread’s team and product, including a secure hardware wallet. Additionally, the acquisition will help accelerate web3 adoption by making it easier for consumers to manage their cryptocurrencies on centralized and decentralized networks.
Circumstances change all the time, but Coinbase continues to support new digital currencies as they’re released. Founded in 2012 by Brian Armstrong & Fred Ehrsam, Coinbase makes it easy for users to transact with Bitcoin, Ethereum, and Litecoin. Coinbase is based in San Francisco, California. It operates exchanges of Bitcoin, Ethereum, Litecoin with other digital currencies.
The company provides services for bitcoin storage, bitcoin trading via fiat currency, bitcoin transactions between individuals or businesses. BRD was launched in 2014 and it has since grown to be one of the most popular cryptocurrency wallets on iOS and Android devices.
BRD wallet will continue operating as its own brand after the acquisition but will also be integrated with Coinbase’s platform. This will make it easier for Coinbase users to buy cryptocurrencies directly from their bank account without having to leave Coinbase’s app or website. It will become Coinbase’s first in-house digital asset exchange.
The team at BRD has built an awesome product that is well known in the crypto space for its quality design and intuitive user experience. Their focus on security and ease of use will be key as they work to expand the cryptocurrency exchange offerings for consumers and institutions.