Media: Coinbase is negotiating the purchase of a Tagomi crypto-broker

Media: Coinbase is negotiating the purchase of a Tagomi crypto-broker

Exchange
November 16, 2019 by cryptorolling.com
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The largest U.S. cryptocurrency company Coinbase has reached the final stage of negotiations to acquire the broker Tagomi, which had previously attracted $28 million from Peter Thiel, Pantera Capital, Digital Currency Group and other venture capital investors. This is reported by The Block citing knowledgeable sources.
M-A

According to some experts, Tagomi would perfectly complement the large-scale ecosystem of Coinbase, including the previously acquired broker-dealer Keystone and decentralized exchange Paradex.

Tagomi began operations in December 2018, offering services to investors in Bitcoin, Ethereum and other digital assets. These include inter-market execution, capital management, post-trading reporting, settlement and custody services.

If the transaction between Coinbase and Tagomi takes place, it will be one of the largest acquisitions in the cryptographic industry. By the way, M&A activity this year has fallen by more than 50% compared to 2018, both in terms of a number of transactions and amounts:

To date, Tagomi has attracted $28 million in venture capital investments. Thus, in March the firm received $12 million from Pantera Capital, Paradigm, and before that – $16 million from Digital Currency Group, SV Angel, Founders Fund and billionaire Peter Thiel.

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