Coinbase has acquired Liquifi, a prominent yet startup token management platform. Coinbase is the largest crypto exchange in the United States and this strategic move by this company is made with the goal of expanding its current suite of crypto services. While the terms of the deal were not disclosed to the public, the acquisition was confirmed by Coinbase just today.

Coinbase Acquires Liquifi

Liquifi was founded to simplify token operations for crypto-native organizations. With the help of Liquifi, companies can track vesting schedules, handle tax compliance, and manage token ownership. All of these functions are crucial for scaling blockchain projects. The startup was backed by investors such as Dragonfly, and the company raised $5 million in seed funding back in 2022. Before this acquisition, Liquifi’s client base included OP Labs, Zora, Ethena, and Uniswap Foundation.

Aklil Ibssa, Coinbase’s Head of Corporate Development, said: “This acquisition gets us one step closer to becoming a full-service crypto platform. Simplifying cap table and token management is key to onboarding the next billion users onto blockchain.”

Though not a crypto launchpad, Liquifi brings Coinbase closer to competing with industry giants Binance and OKX, which have long offered platforms that help projects launch and monetize tokens earlier in their lifecycle. By integrating Liquifi, Coinbase is positioning itself to offer services that go beyond token listings, enhancing its infrastructure for crypto startups and mature projects alike.

Coinbase made a lot of big purchases in 2025, including the $2.9 billion purchase of derivatives exchange Deribit, the largest in crypto history. They also bought the advertising company Spindl and the privacy-focused Iron Fish team. Coinbase’s plan is to diversify its sources of income and strengthen its position as regulatory uncertainty starts to settle down.

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In the past, the rules in the U.S. have made it hard to buy a lot of cryptocurrency at once. Under former SEC Chair Gary Gensler, the agency maintained a harsh posture, categorizing most cryptocurrencies as securities. While Ibssa stated the company would have pursued the Liquifi deal regardless, the current pro-crypto administration has provided Coinbase with more room to operate aggressively. “Regulatory clarity enables us to take bigger bets,” he added.

Liquifi, sometimes likened to equity management platform Carta, has faced legal challenges. In December, competitor Toku sued it over allegations of misappropriating confidential documents by a former employee. Liquifi has denied the accusations, and Coinbase has pledged full support in the legal process. “We’re ten toes deep with Liquifi and in their corner. We’ve done rigorous diligence on this,” said Ibssa.

The acquisition also reflects broader consolidation trends in the fintech and crypto sectors. Just months ago, Stripe acquired crypto infrastructure firms Bridge and Privy to bolster its blockchain offerings, signaling renewed institutional confidence in the space.

As Coinbase continues to evolve from a trading platform to an all-in-one crypto ecosystem, the integration of Liquifi may become a critical piece of infrastructure, enabling tokenized startups to grow with greater efficiency and regulatory compliance.

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