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BRD offers a free open source cryptocurrency platform.
History
2021: Coinbase bought BRD
On November 24, 2021, the American cryptocurrency exchange Coinbase announced the acquisition of BRD, a company specializing in cryptocurrencies. The financial and other terms of the transaction are not disclosed. According to CoinMarketCap, after the announcement of the acquisition, the cost of the BRD token soared by about 500% from $0.16 to $0.96.
BRD was launched with a focus on decentralization, security and customer-controlled funds, and as of November 2021, the company has more than 10 million customers around the world. According to co-founders Adam Trademan and Aaron Voisin, BRD wallet customers will be able to continue to make regular transactions, although users will eventually have an optional path to moving to self-storage in the Coinbase wallet, which will include a special gift for customers.
 | The unique experience of BRD in the field of independent storage of cryptocurrencies will provide invaluable assistance in achieving our goal - to provide more people with safe and reliable access to the decentralized world of cryptocurrencies. By the end of 2021, we will share additional information on how the teams will unite, "said Brian Armstrong, CEO of Coinbase cryptocurrency platform. |  |
Coinbase noted that the company is pleased to double its investment in self-sufficiency and the concept of the development of Internet technologies, formulated by the head of Netscape, Web 3.0. The company also has a desire that is to increase economic freedom around the world. As of November 2021, it is unclear what will become of the startup's service token, which is traded under the BRD ticker, which is used as part of its customer loyalty program, the token has a market capitalization of about $14 million and is traded on the Binance cryptocurrency exchange.
Coinbase Exchange is trying to diversify the business. On October 12, 2021, the company announced that it would launch a trading platform for creating and trading non-interchangeable tokens (NFT), and in September 2021 filed an application with the US Securities and Exchange Commission (SEC ) for trading derivatives based on cryptocurrency.[1]
Notes
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