Coinbase announced that the team behind BRD, a Zurich-based operator of a digital wallet for crypto currencies, would join the US crypto exchange. According to a Twitter account representing Coinbase's existing digital wallet, the startup's staff "brings deep expertise in self-custody for crypto wallets."
Coinbase is a safe online marketplace for purchasing, selling, transferring, and storing cryptocurrency. The wallet startup was an early player in the mobile crypto wallet space, beginning as a place for users to store bitcoin but quickly expanding to support a diverse network of tokens and the ability to buy, sell, and swap cryptocurrencies through partnerships with exchanges. The startup claims that it has over 10 million users. BRD received nearly $55 million in venture capital funding from firms such as SBI Crypto Investment and East Ventures.