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Coinbase Buys Blockchain Infrastructure Startup Bison Trails
Bison Trails already partnered with Coinbase through its custody service.
By Danny Nelson
Updated May 9, 2023, 3:15 a.m. Published Jan 19, 2021, 8:18 p.m. 1 min read
Cryptocurrency exchange Coinbase announced it's buying blockchain infrastructure company Bison Trails.
Bison Trials, which builds cross-blockchain integration tools that link disparate protocols, will become a "foundational element" of the Coinbase product suite, the top U.S. cryptocurrency exchange said in a Tuesday blog post. Terms of the deal were not disclosed.
Bison Trails did not immediately respond to a request for comment.
This story will be updated.
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Cantor Fitzgerald has been appointed to help with the sale, according to sources.
What to know:
- The crypto custody firm is weighing a $500 million sale, according to sources.
- The jewel in Copper’s crown is the ClearLoop in-custody settlement system, which caters to dozens of institutional firms.
- Copper closed its enterprise custody business in 2023 to focus on ClearLoop
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