Coinbase takes over team behind BRD crypto wallet – TechCrunch - Gadgets Price
Wed. Dec 8th, 2021
Coinbase takes over team behind BRD crypto wallet – TechCrunch

While crypto proponents want a new generation of users on board, one of the biggest consumer booms has been a host of consumer wallet apps with slick interfaces.

Today, Coinbase announced that it brings in the team at BRD – a crypto wallet startup that first launched its mobile wallet in 2014. As the team moves to Coinbase, the co-founders of BRD say nothing will change for BRD users for now, and that their wallets will continue to function normally and the user’s funds will be safe.

The wallet startup was an early player in the mobile crypto wallet space that started out as a place for users to store bitcoin but grew into a broad network of tokens and the ability to buy, sell and exchange cryptocurrencies thanks to partnerships with exchanges. The startup claims to have more than 10 million users.

“The team brings deep expertise in crypto wallet self-preservation, which will enable Wallet more people to access the decentralized world of crypto safely and securely,” a statement read. tweet from the Coinbase Wallet Twitter account.

BRD has raised a hefty amount of venture capital funding and has funded nearly $55 million in venture capital from companies like SBI Crypto Investment and East Ventures.

Coinbase and BRD have not disclosed the terms of the acquisition.

Co-founders Adam Traidman and Aaron Voisine note that they plan to build a “migration path” for users to transfer their wallet content to the Coinbase Wallet app, but that it will be completely optional for users.

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