Loading...
Market
What will be the main benefit for Coinbase from the Utopia Labs acquisition by Dec 31, 2024?
2
Resolution / Starting Odds
Increased transaction speed • 25%
Reduced transaction costs • 25%
Enhanced security features • 25%
Broader stablecoin adoption • 25%
Official statements from Coinbase or credible industry analysis
Story
Coinbase Acquires Utopia Labs to Enhance Stablecoin Payments on Base Layer 2
Nov 13, 2024, 04:39 PM
Coinbase has acquired Utopia Labs, a stablecoin payment processor, in a strategic move to enhance its on-chain payments capabilities. The acquisition integrates Utopia Labs into Coinbase's Base Layer 2 network, aiming to advance stablecoin payment options through Coinbase Wallet. This acqui-hire of the Utopia Labs team is expected to accelerate Coinbase's roadmap for stable and efficient on-chain payments. The move comes as Coinbase experiences a week-long rally, highlighting the company's focus on expanding its expertise and technology in the stablecoin and payments ecosystem. Utopia Labs is one of the portfolio companies of Kindred Ventures.
View original story
Similar markets
New trading pairs • 25%
Enhanced security features • 25%
Blockchain-based rewards program • 25%
Other • 25%
AI Agents • 25%
Automated Payments • 25%
Security Enhancements • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
