In a recent move to expand its operations, Coinbase has agreed to buy Zabo the plaid of crypto for an undisclosed sum. Zabo is a well-known exchange in Japan, and this move will give Coinbase a foothold in the Asian market. Zabo’s CEO, Yusuke Otsuka, had this to say about the acquisition: “We are excited to join forces with Coinbase and bring Zabo’s innovative products and services to even more people around the world.” This is sure to be good news for Coinbase users as they look to expand their reach into new markets!
What we know about Zabo startup
Zabo is a crypto startup that allows users to buy, sell, and hold digital assets. The company was founded in 2014 by Yusuke Otsuka and has raised $12 million from investors such as Kakao Ventures, GMO Venture Partners, and SBI Investment. Zabo is headquartered in Tokyo, Japan with a team of 30 employees. The company has been profitable since 2017 and has processed over $100 million in transactions.
This acquisition is just the latest in a string of moves that Coinbase has made to expand its reach into new markets. In the past year, Coinbase has also acquired Earn.com, Paradex, and Cipher Browser. With each of these acquisitions, Coinbase has solidified its position as the leading crypto exchange in the world.
If you’re looking to get involved in the crypto market, Coinbase is definitely the place to start. With this latest acquisition, Coinbase is sure to become even more popular in the space. So if you’re not already using Coinbase, now is the time to sign up!
Latest Coinbase investments
– Cipher Browser
Coinbase has been on a roll lately when it comes to acquisitions. In addition to Zabo, they’ve also bought Paradex, Cipher Browser, and Earn.com. Each of these acquisitions helps solidify Coinbase’s position as the leading crypto exchange in the world.
Lately investments in cryptocurrency projects are moving to a new level, for example blockchain startup Graph purchases Duckstarter tokens, as well as Mark Cuban invests in Ethereum layer 2 project, these investments show that the demand for investments in cryptocurrencies is very high and the industry continues to evolve.
This is not an acqui-hire; it’s a genuine buy.
It is not just an acqui-hire; Coinbase has bought the company and its technology. This will help them to expand their operations in Asia and reach new markets.
Zabo has been profitable since 2017
This is good news for Coinbase, as they look to expand their business. Zabo has been profitable since 2017, which means that Coinbase will be able to use this acquisition to help them grow their business.
With this latest acquisition, Coinbase is sure to become even more popular in the space
As Coinbase continues to make moves like this, they are sure to become even more popular in the space. Their acquisitions of companies like Zabo, Paradex, Cipher Browser, and Earn.