Coinbase has made its latest acquisition, bringing onboard BRD wallet for its “deep expertise in self-custody.”
The wallet’s native token, BREAD, shot up by over 900 percent in a few hours, as its volume surged over 43,000 percent.
America’s largest exchange is expanding and has made a new acquisition. Coinbase has acquired BRD wallet to help it to accelerate web3 adoption. The wallet will gradually integrate into the Coinbase Wallet, but for now, users will not be affected by any changes.
Announcing the acquisition, Coinbase Wallet stated:
The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto.
We’re excited to be doubling down on our investment in self-custody and web3 in pursuit of increasing economic freedom in the world.
— Coinbase Wallet (@CoinbaseWallet) November 24, 2021
A spokesperson for Coinbase said that the exchange is working on an integra
