Cryptocurrency exchange ShapeShift has acquired bitcoin hardware wallet startup KeepKey.
Announced today, ShapeShift will continue to use the KeepKey brand, and its staff will stay on to continue working on the hardware product line. KeepKey had originally integrated with ShapeShift by way of its API last summer.
The deal – the terms of which were not disclosed – represents the first acquisition of a startup specifically focused on hardware products.
"This partnership will not only guarantee the future success of the KeepKey brand and product line, but joining the ShapeShift team will enable us to focus on continuing to work on developing better technology and security for crypto-holders," Ken Hodler, KeepKey's chief technology officer, said in a statement.
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Key image via Shutterstock
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