Coinbase Acquires Bison Trails in Bid to Provide Easy-to-Use Blockchain Infrastructure
The California-based digital asset exchange Coinbase has announced that it's currently in the process of acquiring the node infrastructure provider BisonTrails this week.
We're proud to announce that @BisonTrails is joining Coinbase. Much like how managed infra drove web-based innovation, we believe turn-key solutions to complex crypto challenges will allow tomorrow's builders to focus on what they do best: building. https://t.co/OuIOAtNG0j
— Coinbase (@coinbase) January 19, 2021
On its blog and in a Tweet from Tuesday, Coinbase argues that the acquisition aims to remove key friction points in the path of developers on the blockchain, allowing “tomorrow's builders to focus on what they do best: building.”
“Coinbase is committed to providing best-in-class infrastructure to empower current and future builders of the crypto-economy.”
As an infrastructure provider, BisonTrails enables developers to easily leverage its Query/Transact (QT)product to build applications on Web 3.0, along with validating transactions. Over time, Coinbase aims to extend its existing infrastructure and API to the wide array of Coinbase products – allowing a far greater pool of crypto users and developers to leverage BisonTrails' solutions.
The decision by Coinbase to acquire BisonTrails doesn't come as a surprise. In 2019, the company obtained investment from Coinbase Ventures back, with relations between the two teams continuing on from there.
“We’ve been impressed with the team’s speed of execution, customer empathy, and pioneering leadership. We are incredibly excited for the Bison Trails herd to join Coinbase.”