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Finance

Coinbase Buys Blockchain Infrastructure Startup Bison Trails

Bison Trails already partnered with Coinbase through its custody service.

By Danny Nelson
AccessTimeIconJan 19, 2021 at 8:18 p.m. UTC
Updated May 9, 2023 at 3:15 a.m. UTC
Coinbase CEO Brian Armstrong
Coinbase CEO Brian Armstrong

Cryptocurrency exchange Coinbase announced it's buying blockchain infrastructure company Bison Trails.

Bison Trials, which builds cross-blockchain integration tools that link disparate protocols, will become a "foundational element" of the Coinbase product suite, the top U.S. cryptocurrency exchange said in a Tuesday blog post. Terms of the deal were not disclosed.

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    • Bison Trails did not immediately respond to a request for comment.

    This story will be updated.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.