Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Ana Alexandre's original article for cointelegraph.com reduced by 40%

Coinbase, a major American cryptocurrency exchange and wallet service, has not acquired digital currency brokerage firm Tagomi. On Nov. 29, sources told CoinDesk that Coinbase acquired Tagomi for $150 million that morning, following purported negotiations between the firms last month.
According to The Block, Tagomi's lending and borrowing services made it a tempting target for an acquisition. Tagomi had reportedly been targeting more retail trading clients, high-net-worth individuals and active traders in recent months, which put it in competition with Coinbase's professional offering, Coinbase Pro. A hypothetical merge would thus help Coinbase Pro enhance its share in the cryptocurrency market.
The firm recently partnered with Binance's cryptocurrency trading platform for United States-based users, Binance. In September, Tagomi enabled its users to lend or borrow Bitcoin and Ether to facilitate long or short trades.
Related posts
Support cntldr.com
-
Bitcoin
-
Ethereum
-
MetaMask
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.
Subscribe below.