Summary: Cryptocurrency exchange Coinbase announced that it has acquired the crypto wallet startup BRD. There will be no changes to the BRD wallet application. BRD wallet users will have an optional migration path to use Coinbase wallet for self-custody.  The Coinbase Wallet wrote on Twitter: “the BRD team will be joining Coinbase Wallet to help accelerate ...

Cryptocurrency exchange Coinbase announced that it has acquired the crypto wallet startup BRD. There will be no changes to the BRD wallet application. BRD wallet users will have an optional migration path to use Coinbase wallet for self-custody. 

The Coinbase Wallet wrote on Twitter: “the BRD team will be joining Coinbase Wallet to help accelerate web3 adoption. The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto."

BRD was founded in 2015 and is headquartered in Zurich, Switzerland. It has raised $56 million from SBI Holdings, Ripple, and other VCs. BRD's crypto application is said to have more than 5 million customers worldwide and has accumulated approximately $6 billion in protected crypto assets. 

After the acquisition news flowed out, Bitpush Terminal data shows that BRD's utility token $BDR currently ranked 553 with a real-time market capitalization of $64,980,388, the token's 24-hour increase reached nearly 350% at the time of writing, the trading price was $0.76.

By Mary Liu