Acquisition

The acquisition adds to Coinbase’s growing custody business, which stores over $7 billion in assets.

Crypto exchange Coinbase purchased controversial software services provider Neutrino for $13.5 million.

U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities.

The acquisition will position the two companies into a partnership wherein they will seek to expand their products and services, taking particular aim at institutional investors.

Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit.

The move will see the Canadian company align its existing efforts to tokenize gaming platforms with X2 Games' expertise for game development.

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb

If approved by regulators, the move could allow Circle to help match investors with fledgling companies trying to raise money via initial coin offerings.

“Using blockchain and other technologies, Medici Land Governance (MLG) will create systems to collect and easily secure property ownership information,” a press release had stated.

In addition to welcoming the entire Earn.com team, Coinbase has made Earn.com co-founder and CEO Balaji Srinivasan its first CTO.