Coinbase acquires API startup Blocksrping

17.01.2019 / 18:51

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Coinbase, one of the largest crypto platforms trading, estimated at $ 8 billion, added to its portfolio the newly-opened Blockspring. It is based in San Francisco and the company develops technology that allows developers to collect data from API products.

The value of the deal has not yet been announced, but Coinbase recently announced their intentions and subsequently confirmed them.

Under the agreement, Blockspring will remain an independent company and will retain its autonomy. The products will also continue to be developed and operated as of now and for current and future customers. Blockspring started as a "serverless" company in the database business, although Amazon launched its AWS Lamdba platform, which launched the so-called " "serverless" revolution.

"Joining Coinbase was logical for a number of reasons, including the dedication of the Crypto Platform to Open Financial Systems and their strong engineering team and developers led by Tim Wagner (former IT technician from AWS Lambda)." - says a Blockspring statement.

Coinbase had a very busy 2018, as the company undertook a lot of changes to its business strategy and trading with cryptoLooks. One of the company's strongest achievements was the attraction of nearly $ 300 million from various investors in the last quarter of last year.

This increased the Crypto Platform's estimate to $ 8 billion - five times more than it was in 2017, making Coinbase one of the most successful and highly rated starters in the world.

Source: Finance Magnates

Trader Martin Nikolov

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Coinbase acquires API startup Blocksrping

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