Coinbase has acquired token management platform Liquifi, marking its fourth acquisition of 2025, as reported by Fortune. This move follows an already aggressive acquisition streak by the U.S.’s largest crypto exchange, which includes crypto ad firm Spindl, privacy protocol Iron Fish, and a record-breaking $2.9 billion deal for Deribit in May.
Terms of the Liquifi deal were not disclosed. Meanwhile, following the news, COIN stock has risen nearly 2% in pre-market trading today, bouncing back after a 4.33% drop yesterday.
Strengthening the foundation
Liquifi helps crypto companies manage token ownership, track vesting schedules, and handle tax obligations. Big players like Uniswap Foundation, OP Labs, and Zora already rely on its tools. With this acquisition, Coinbase is adding key infrastructure that supports the full life cycle of a cryptocurrency project.
According to Aklil Ibssa, head of corporate development at Coinbase, the goal is to make token creation and management simple enough for mass adoption. Echoing a similar sentiment, Max Branzburg, Head of Consumer Products at Coinbase, shared his excitement about partnering with Liquifi to help more businesses move on-chain. He highlighted the need for simpler tools to manage coin tables, legal and tax hurdles, vesting, and asset distribution as the on-chain ecosystem grows.
End-to-End Platform in Progress
This acquisition moves Coinbase closer to becoming a complete crypto platform. While exchanges like Binance and OKX offer token launchpads, Coinbase has focused more on listings and trading. With Liquifi, Coinbase is stepping earlier into the token process, covering everything from creation to compliance.
Liquifi is not a launchpad but gives Coinbase the tools to support projects long before tokens hit the market. This positions the company to earn value throughout the token’s entire journey, not just after launch.
Backed Despite Legal Noise
Liquifi is currently facing a lawsuit from a competitor over alleged document theft. Despite the ongoing legal case, Coinbase remains confident in its decision and has promised to support Liquifi through the process. The company says it conducted a thorough review before finalizing the deal.
Crypto M&A Heats Up
Coinbase is not the only one making moves. Earlier this year, it bought Deribit for 2.9 billion dollars, the largest crypto acquisition to date. Meanwhile, Stripe acquired stablecoin startup Bridge and wallet firm Privy, showing a growing appetite for consolidation across the industry.
With Liquifi now in its corner, Coinbase is building not just for today’s crypto needs but laying the groundwork for the future.
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FAQs
Liquifi is a token management platform. Coinbase acquired it to support token creation, vesting, and compliance across crypto projects.
Liquifi enables Coinbase to manage tokens from creation to compliance, expanding beyond trading into full lifecycle project support.
Coinbase has made four acquisitions in 2025 so far: Liquifi, Spindl, Iron Fish, and Deribit in a $2.9 billion deal.
