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Coinbase A...
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Pymnts

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Coinbase Acquires Utopia Labs Team to Accelerate Onchain Payments Roadmap

  • Cryptocurrency exchange Coinbase has acquired the Utopia Labs team to accelerate its onchain payments roadmap within Coinbase Wallet.
  • The Utopia Labs team has been building onchain payments products for years and will join Coinbase to bring low-cost, fast, and global payments to everyone.
  • Utopia Labs products will be shut down as the team focuses on accelerating onchain payments at Coinbase.
  • Coinbase aims to improve user experience as stablecoins continue to grow and enhance crypto's utility within payments.

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