Coinbase announced the purchase of cryptographic data provider Zabo for an undisclosed amount. Coinbase announced the purchase of Zabo, a data encryption operator that allows fintechs and financial services companies to connect to cryptocurrency exchanges, wallets and protocols. Zabo announced the news on Wednesday, saying it is joining the Coinbase to promote its mission of making cryptos popular. Zabo did not disclose the financial terms of the deal, but pointed out that the acquisition is approaching a merger, as the team will keep the company's operation integrated. Zabo provides APIs or software that allow financial applications to connect to users' cryptographic accounts. It grows on the sale of infoproducts including some on-chain data. With Zabo, users can connect to any crypto exchange or wallet and track their balances and transaction history. This, in turn, can help them with tax calculations and monitoring their overall net worth. The deal with Coinbase is expected to close by the end of this month. He declined to say whether Zabo's offers will be launched on Coinbase or whether Zabo will continue to operate independently. But he said the entire 10-person Zabo core team is moving to Coinbase.To stay up to date, follow the QR Capital on Instagram and on Twitter.Coinbase Content Announces Purchase of Data Carrier Zabo Appears First in BlockTrends – Blockchain | Investments | Economy.
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