Coinbase acquires Liquifi, a token management platform, in its fourth acquisition of 2024 to solidify its position in crypto-infrastructure buildout and a broader token lifecycle strategy.
Liquifi, known for providing products like token distributions and vesting schedules, previously raised a $5 million seed round in 2022, with the recent acquisition marking another significant deal in the crypto industry.
Coinbase has been expanding its offerings with acquisitions including Spindl, Iron Fish, and a record-setting $2.9 billion buyout of Deribit earlier this year, aiming to cover all phases of a token's lifecycle from issuance to regulation.
The acquisition of Liquifi brings Coinbase closer to competitors like Binance, enabling it to operate further down in the token management process and strengthening its position as a full-stack crypto solution provider.