Coinbase Acquires API Data Management Startup Blockspring
- Under the agreement, Blockspring will still remain as its own independent company.
Coinbase, one of the largest cryptocurrency trading platforms valued at $8 billion, has added a new feather to its cap by acquiring Blockspring, a startup based in San Fransisco that allows developers to collect and process data from APIs.
The value of the deal has not been disclosed and was announced earlier this week via Blockspring’s blog. Coinbase has since confirmed the deal, although the company has refused to comment further.
Under the agreement, Blockspring will remain as its own independent company, the blog post stated. Furthermore, the company and its products will continue to operate as normal for its current and new customers.
Blockspring began as a serverless data business, however, after Amazon launched AWS Lambda, which effectively kicked off the serverless revolution, “during an extra long night of exporting reports into Google Sheets” the company pivoted into a service that allows companies to use API data.
“Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda),” the statement said.
“Making the technical simple and accessible is what we’ve always been about at Blockspring. And now we’ll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own.”
Coinbase ends 2018 on a high
Coinbase had a busy 2018, with the company making many changes to its business focus and cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. One notable achievement was the company managing to raise a total of $300 million in seed funding from investors in the fourth quarter, as Finance Magnates reported.
This bumped the valuation of the Cryptocurrency Exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term up to $8 billion – five times higher than it was early in 2017 and making Coinbase one of the most valuable startups in the world.
Coinbase, one of the largest cryptocurrency trading platforms valued at $8 billion, has added a new feather to its cap by acquiring Blockspring, a startup based in San Fransisco that allows developers to collect and process data from APIs.
The value of the deal has not been disclosed and was announced earlier this week via Blockspring’s blog. Coinbase has since confirmed the deal, although the company has refused to comment further.
Under the agreement, Blockspring will remain as its own independent company, the blog post stated. Furthermore, the company and its products will continue to operate as normal for its current and new customers.
Blockspring began as a serverless data business, however, after Amazon launched AWS Lambda, which effectively kicked off the serverless revolution, “during an extra long night of exporting reports into Google Sheets” the company pivoted into a service that allows companies to use API data.
“Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda),” the statement said.
“Making the technical simple and accessible is what we’ve always been about at Blockspring. And now we’ll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own.”
Coinbase ends 2018 on a high
Coinbase had a busy 2018, with the company making many changes to its business focus and cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term. One notable achievement was the company managing to raise a total of $300 million in seed funding from investors in the fourth quarter, as Finance Magnates reported.
This bumped the valuation of the Cryptocurrency Exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term up to $8 billion – five times higher than it was early in 2017 and making Coinbase one of the most valuable startups in the world.