14.8 C
Amsterdam
18 September 2021
PumpMoonshot
Image default
News

Coinbase Acquire Tagomi In New Announcement


  • Coinbase recently announced earlier this week that it was acquiring the Tagomi crypto broker. 
  • The news was announced earlier this week with the platform claiming that the acquisition agreement came at an inflection point in the industry. 

One of the biggest cryptocurrency platforms in the industry, Coinbase recently announced earlier this week that it was acquiring the Tagomi crypto broker. 

The news was announced earlier this week on the 27th of May with the platform claiming that the acquisition agreement came at an inflection point in the industry. This was a moment when increasing numbers of hedge funds and macro investors are gaining increased attention on the industry as a whole. 

According to Coinbase, they have seen a significant spike in demand when it came to crypto investment opportunities from institutional investors of the past 12 months. As a result of this, it has encouraged a rollout for new targeted offerings such as margin trading and has even seen Coinbase Custody see some significant growth.

ear the end of last year, Coinbase was forced to deny that it had acquired the crypto broker after several outlets believed that the rumours were true and were after confirmation from the horse’s mouth.

As a little bit of background on Tagomi, it is safe to say that it has established itself as a reliable and promising brokerage firm. Since it was launched 18 months ago, the broker has been performing well throughout the industry. In the announcement, it says that the platform is a platform of choice for many advanced traders and family offices including Bitwise.

Who knows where this acquisition will go in the future? Only time will tell.

For more news on this and other crypto updates, keep it with CryptoDaily!

PREVIOUSAnalyst: how the mining capitulation could spark something in BTCNEXT How Dash Is Dominating Nigeria

More From Crypto Daily

How Dash Is Dominating NigeriaAdrian BarkleyMay 30, 2020Coinbase Acquire Tagomi In New Announcement Robert JohnsonMay 30, 2020Analyst: How The Mining Capitulation Could Spark Something In BTCAdrian BarkleyMay 30, 2020Can BTC/USD Remain Supported By 50-Hour SMA? Sally Ho’s Technical Analysis 30 May 2020 BTCSally HoMay 30, 2020The Bridge Between AI And BitcoinRobert JohnsonMay 29, 2020Bitcoin Rages Against The EstablishmentAdrian BarkleyMay 29, 2020ETH/USD Bulls Back Eyeing 227.50: Sally Ho’s Technical Analysis 29 May 2020 ETHSally HoMay 29, 2020

AdvertisementBancor Announces V0.6 Protocol Upgrade In Preparation For Bancor V2.Martin BrowntreeMay 29, 2020Final Bitcoin Bull Trap Before CrashJefe CaanMay 29, 2020Messari Suggests Inflation Rate For XRP Is Significantly Higher Than BTCAdrian BarkleyMay 29, 2020Is Bitcoin’s Supply Running Dry Since Institutional Demand Has Grown?Adrian BarkleyMay 29, 2020Dates For Shelley Era On Cardano Revealed By HoskinsonRobert JohnsonMay 29, 2020Why Cybersecurity Is Important For IoT?Michael KucharMay 29, 2020CryptoDaily’s CRDT Token: Incentivising CreatorsAdrian BarkleyMay 29, 2020A Lightning Bolt Amongst Ledgers: Cointelligence’s Electrifying New Analysis Illuminates Electroneum’s Bold Transparency And Sound StrategyMarcus HenryMay 29, 2020

News Source

Related posts

Ethereum and Ripple (XRP) stand still – Bitcoin price explodes over $12,000

PumpMoonshot

Ethereum Price Analysis and Forecast – Ethereum Faces Uphil Task to Break Above Resistance

PumpMoonshot

$600 MILLION: MICROSTRATEGY ANNOUNCES PLAN TO RAISE MONEY TO BUY MORE BITCOIN

PumpMoonshot

Leave a Comment