Coinbase Acquires #Blockchain Startup’s Team To Enhance Privacy Efforts on the Base Network
The top US-based #crypto exchange platform Coinbase is acquiring a blockchain startup’s team to bolster its privacy efforts on Base.
In a new announcement, Coinbase says it is onboarding the development team of layer-1 project Iron Fish (IRON) to help develop “privacy-preserving primitives” on Base, the crypto exchange’s proprietary blockchain.
Coinbase highlights that it is not acquiring Iron Fish itself, its token or its technology.
“Privacy isn’t just a feature, it’s a right – and it’s critical for unlocking the full potential of crypto. Today, we’re taking a major step toward that future by acquiring the team behind Iron Fish…
This team brings a strong track record of helping builders by developing privacy-preserving tools and technology that are safe, accessible and compliance-friendly.”
According to Coinbase, the Iron Fish team will help the firm establish new standards for privacy, make development easier for builders and reinforce anonymity for everyday users.