Routefire moves to Coinbase
The Routefire team wrote on their blog on Thursday that they are dropping support for the project alone. He moves to Coinbase. The team will continue to implement cutting-edge infrastructure in the emerging cryptocurrency market
Coinbase representatives confirmed that the deal went through. This is Coinbase's first purchase in 2021. In 2020, we recall that the cryptocurrency exchange bought a broker company Tagomi. The deal was worth $ 150 million.
Thanks to Tagomi, the exchange was able to acquire large batches of BTC for MicroStrategy, One River Digital and other institutional investors. For example, $ 425 million worth of bitcoins was purchased for MicroStrategy in one go through Coinbase.