Coinbase Acquires Institutional Targeting Startup Routefire – Latest News, Breaking News, Top News Headlines


America’s largest bitcoin exchange Coinbase has acquired the Routefire service. He specializes in executing large cryptocurrency transactions.

The San Francisco-based startup Routefire was founded in 2017. The project is developing solutions for institutional investors. They allow rapid execution of large orders with minimal costs and low impact on asset prices.

According to infotmatoins on the Routefire website, the startup has attracted venture capital investments from Blockchain Capital, Hustle Fund, and FJ Labs.

With this new acquisition, Coinbase is looking to expand its brokerage business. The amount of the transaction is not disclosed.

Last year, Coinbase acquired the leading cryptocurrency broker Tagomi for $ 75 million.

Recall that Coinbase helped analytics software provider MicroStrategy acquire bitcoins for $ 425 million.

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