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Coinbase also acquired the crypto-based advertising firm Spindl, the privacy-focused development team behind Iron Fish, and the token management platform Liquifi.
Coinbase completed four acquisitions in 2025 as part of its aggressive M&A strategy, including its largest-ever purchase, a $2.9 billion deal for crypto derivatives platform Deribit in May 2025.
Binance recently launched an Alpha platform for token launches and incubation, while Coinbase has not confirmed a similar move but emphasized its goal of removing barriers for startups through simplified token launch infrastructure.

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Coinbase acquires token management platform Liquifi

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