San Francisco-based cryptocurrency exchange Coinbase is said to have acquired prime broker Tagomi for $150 million.
Tagomi, which has raised $28m in venture capital funding from firms like Pantera and Morgan Creek, was reported by The Block on Nov. 15 to be in acquisition talks with Coinbase.
"Tagomi and Coinbase were in talks last week - well Coinbase acquired Tagomi this morning for $150 million," a source familiar with the deal told CoinDesk.
Coinbase and Tagomi had not returned requests for comment by press time.
Tagomi was founded last year by ex Goldman traders and former Union Square Ventures employees.
US, the U.S. partner of the Malta-headquartered Binance cryptocurrency exchange, to bring extra liquidity.
It's also one of less than 20 crypto companies to have been granted the notoriously hard to acquire New York "BitLicense."
Coinbase Prime, the exchange's institutional trading platform was launched last year to attract Wall Street capital to crypto.
The addition of Tagomi should bring more in the way of institutional investors to Coinbase.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Coinbase Acquires Prime Broker Tagomi for $150M: Source
gepubliceerd op Nov 29, 2019
by Coindesk | gepubliceerd op Coinage
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