Coinbase Acquired The Crypto Wallet Company BRD

Crypto exchange Coinbase has acquired the crypto wallet company BRD. After that, the BRD token gained 600 percent.

Leading crypto exchange Coinbase has acquired BRD, according to statements from both firms. After that, the BRD token gained more than 600 percent. BRD reports that its team will join Coinbase, where the company will contribute to the Coinbase Wallet. The app was first launched in 2014 under the name "breadwallet" and has grown to a user base of 10 million. BRD has suggested that for the time being, its own wallet will continue to function normally and users will be given the option to switch to Coinbase's wallet in 2022. https://twitter.com/CoinbaseWallet/status/1463589935085142020?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1463589935085142020%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fkriptokoin.com%2Fcoinbase-ile-bu-altcoin-el-sikisti%2F The team behind BRD will join the team behind Coinbase Wallet. The exchange noted that BRD has “bred deep expertise in self-storage for crypto wallets” and that the acquisition is part of its goal to “double its investment in self-custodial and Web3.” It was unclear how the BRD team will replace Coinbase's wallet. Although BRD offers custody for crypto funds, Coinbase Wallet already supports this feature unlike many other exchange wallets. Following this big news, the BRD price has soared by over 650 percent in the last 24 hours. The price of the coin, which was priced at $ 0.16 yesterday evening, rose to $ 1.67 during the day.