Coinbase Acquires Staff from BRD, a Crypto Wallet Startup

Cryptocurrency exchange platform Coinbase through a Twitter post announced that is bringing and on-boarding staff from  BRD, a crypto wallet startup that first launched its mobile wallet back in 2014.

“We have great news – the BRD team will be joining @CoinbaseWallet to help accelerate web3 adoption. The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralised world of crypto.”

The startup said, while the team is transitioning over to Coinbase, BRD’s co-founders say nothing will be changing for BRD users for the time being, and that their wallets will continue to operate normally and that user “funds are safe and secure.”

“The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto,” a tweet from the Coinbase Wallet Twitter account reads.

According to TechCrunch, the company’s co-founders Adam Traidman and Aaron Voisine note that they plan to build out a “migration path” for users to transfer their wallet contents to the Coinbase Wallet app but that it will be entirely optional for users.

Background about the crypto startup:

The wallet startup was an early player in the mobile crypto wallet space that started as a place for users to store bitcoin, but grew to support a wide network of tokens and the ability to buy, sell and swap cryptocurrencies thanks to partnerships with exchanges. The startup claims to have more than 10 million users.

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