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In addition, BRD now allows its users to buy, sell and swap cryptocurrencies. At launch, it only supported Bitcoin, but it has since then expanded to several other altcoins. At the time, there were few players targeting mobile users for Bitcoin storage. BRD token shoots up 900%īRD wallet launched in 2014, focusing on allowing its users to control their funds and enhancing security. We’ll be sharing more information in the coming months about how BRD and Wallet teams will unite. We’re excited to be doubling down on our investment in self-custody and web3 in pursuit of increasing economic freedom in the world.Ī spokesperson for Coinbase said that the exchange is working on an integration plan for its latest acquisition and that for now, BRD will be allowed to operate independently. 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. The wallet will gradually integrate into the Coinbase Wallet, but for now, users will not be affected by any changes.Īnnouncing the acquisition, Coinbase Wallet stated:
![token coinbase app token coinbase app](https://cryptonomist.ch/wp-content/uploads/2021/04/coinbase-stock-token.jpg)
Coinbase has acquired BRD wallet to help it to accelerate web3 adoption. The wallet’s native token, BREAD, shot up by over 900 percent in a few hours, as its volume surged over 43,000 percent.Īmerica’s largest exchange is expanding and has made a new acquisition.Coinbase has made its latest acquisition, bringing onboard BRD wallet for its “deep expertise in self-custody.”.