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Coinbase Agrees to Buy Zabo for Undisclosed Sum
Summary: Coinbase, the cryptocurrency exchange listed on the Nasdaq, has agreed to acquire Zabo, a startup that lets financial companies give their customers a bird’s-eye view of their crypto investments.It did not disclose the terms of the deal. The transaction should close in the coming weeks, said Alex Treece, one of Zabo's co-founders. Zabo’s service is ...
Coinbase, the cryptocurrency exchange listed on the Nasdaq, has agreed to acquire Zabo, a startup that lets financial companies give their customers a bird’s-eye view of their crypto investments.It did not disclose the terms of the deal.
The transaction should close in the coming weeks, said Alex Treece, one of Zabo's co-founders. Zabo’s service is similar to those offered in the traditional financial services industry by vendors like Plaid and Yodlee, except instead of bank or brokerage accounts it connects crypto wallets.
By Amy Liu
Tags: acquire,Coinbase,Crypto,Zabo
Link: Coinbase Agrees to Buy Zabo for Undisclosed Sum [Copy]
