Coinbase announces acquisition of crypto wallet provider BRD, BRD token soars 500% in 2 hours

Cryptocurrency wallet provider BRD told users "nothing changes" after receiving from the US cryptocurrency exchange Coinbase.

In a letter to BRD users on Wednesday, CEO Adam Traidman and co-founder Aaron Voisine said some companies in the group would move to Coinbase to continue working on their cryptocurrency wallets. Coinbase Wallet tweeted that the addition of the BRD team "will help accelerate the adoption of web3" and "provide deeper personal hosting expertise."

BRD Executives said, “The BRD Wallet application will not change. As always, your money is safe. In the future, BRD Wallet users will have the option to switch to Coinbase Wallet for personal hosting. " To say.

The leader of the BRD is the Breadwallet, a group that supports electronic token (BRD) transactions. According to data from CoinMarketCap, the price of the token rose more than 500% from around US $ 0.16 to US $ 1.01 within two hours of receiving the news from Coinbase.

In June, the BRD announced further upgrades for 2020, including a change in the wallet relationship, allowing the release of Hedera Hashgraph's HBAR tokens. In September, she worked with Ciphertrace, Chainalysis, Elliptic, and Unbound Tech to share data sharing, and financial and cryptocurrency companies decided to provide solutions cia.