Crypto pockets provider BRD mentioned "nothing will change" for customers following an acquisition from main U.S. crypto change Coinbase.
In a Wednesday letter to BRD customers, CEO Adam Traidman and co-founder Aaron Voisine mentioned among the firm's group members can be shifting to Coinbase to proceed engaged on crypto notecases. Coinbase Wallet mentioned on Twitter that the addition of the BRD group would "help accelerate web3 adoption" additionally to present "deep expertise in self-custody."
"Nothing will change in the BRD notecase app and as always, your finances are safe and secure," mentioned the BRD execs. "In the future, BRD notecase users will have an facultative migration path to self custody with Coinbase Wallet."
Formerly referred to as Breadnotecase, BRD is behind the utility token Bread (BRD). According to knowledge from CoinMarketCap, the token worth surged greater than 500% inside two hours of stories of the Coinbase acquisition breaking, rising from roughly $0.16 to $1.01.
BRD introduced plenty of expansions in 2021, together with updating its pockets compatibility to permit storage of Hedera Hashgraph's HBAR token in June. In September, the agency partnered with Ciphertrace, Chainalysis, Elliptic and Unbound Tech to assist introduce its knowledge integration platform used by medium of exchange establishments and crypto companies contemplating offering custody options.
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