American cryptocurrency exchange Coinbase has announced the purchase of a startup BRD, a digital asset wallet developer. Against this background, the project token rate has grown 10 times.
BRD co-founders Adam Traidman and Aaron Voisine announced that the team will continue their “mission” as part of Coinbase. They added that they will work to “provide access to decentralized projects to users around the world.”
“At the moment, nothing has changed for the wallet users – you can use the application as usual, your funds are safe. The same goes for transactions. In the future, we will offer the ability to migrate funds from BRD wallet to Coinbase Wallet, and users will receive special rewards, ”- said the co-founders of BRD.
Against the background of this statement, the BRD token rate increased from $ 0.16 to $ 1.6. Then the price, as usual, pulled back a little. At the time of publication, the token is trading at $ 1.2, and its capitalization has reached $ 104 million.
Earlier this month, it was reported that Coinbase was testing a new subscription service called One. Service users will be able to trade without commissions, and will also have access to additional functions.
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