Coinbase, the largest American cryptocurrency company, entered the final stage of negotiations on the acquisition of the Tagomi broker, which previouslyraised $ 28 million from Peter Thiel, Pantera Capital, Digital Currency Group and other venture investors. This is reported by The Block, citing informed sources.
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According to some experts, Tagomi would perfectly complement the large-scale ecosystem of Coinbase, including previously acquired Keystone broker-dealer and decentralized Paradex exchange.
Tagomi began work in December 2018.offering services to investors in Bitcoin, Ethereum and other digital assets. These include intermarket order execution, money management, post-trading reporting, settlement and custody services.
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If a deal between Coinbase and Tagomi takes place, thenit will become one of the largest acquisitions in the crypto industry. By the way, activity in the field of M&A this year fell by more than 50% compared to 2018 both in the number of transactions and in the amounts:
Data: The Block, Pitchbook.
To date, Tagomi has raised $ 28 million.venture capital investments. So, in March, the company received $ 12 million from Pantera Capital, Paradigm, and before that - $ 16 million from Digital Currency Group, SV Angel, Founders Fund and billionaire Peter Thiel.