US-based crypto asset trading platform Coinbase has announced that it has acquired crypto wallet startup BRD.
BRD’s founding partners, Adam Traidman and Aaron Voisine, used the following statements in their statement to their customers:
“Today would like to share the news that we will continue our mission at Coinbase with our team members. We aim to bring the power of decentralization to more users worldwide
There will be no changes to the BRD wallet application. Your money is safe as always.
You can continue to operate normally. In the future, BRD wallet users will be able to get an optional upgrade to Coinbase Wallet, which includes a special gift. We will share more details in 2022. Continue to follow us”
The Coinbase Wallet team had this to say about the purchase:
“The BRD team will join Coinbase Wallet to accelerate web3 adoption. The team has great expertise in self-storage for crypto wallets, which will enable people to store their money more securely.”
BRD token has gained 117% after the news.
