Coinbase announces new acquisition, wants to become 'Google of crypto'

19 Feb, 2019
by Jelmer van der Dussen
News
Coinbase announces new acquisition, wants to become 'Google of crypto'

Coinbase has announced the acquisition of Neutrino, a blockchain intelligence platform. The cryptocurrency buying platform did not disclose the terms of the deal.

Coinbase states that Neutrino will help the company 'prevent theft of funds from peoples' accounts, investigate ransomware attacks, and identify bad actors'. Neutrino does this by analyzing data on public blockchains. Coinbase thinks it will help bring more cryptocurrencies and features to more people, 'while helping ensure complianse with local laws and regulations'.

In the statement, Coinbase says that 'Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world.' Neutrino will be operating as a standalone bussiness from the Coinbase London office.

Read more: Why isn't XRP on Coinbase?; will it ever get listed?

Some competitors of Neutrino in the space are Chainalysis and Whitestream.

Coinbase director of engineering and product, Varun Srinivasan, told Coindesk that the acquisition of Neutrino is a next step towards becoming 'the Google of Crypto', with Coinbase offering different products within the space: "If we see a really great team that’s built a really great product, like Neutrino, for example, you’ll see us go out and talk to them and try to bring them into the Coinbase family to extend the suite of products that we have."

Read more: Reports claim Coinbase is cancelling their Visa Shift Card

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Poll

Do you see Coinbase becoming the Google of crypto?

(19 votes)

Add a comment

with such number of issues it will be very complicated for coinbase to develop itself further. customer support troubles have to be solved firstly I think
19 Feb, 2019 - 16:51
customers troubles is the last thing Coinbase worries about
19 Feb, 2019 - 20:39
lol, do you see 'coinbase = google of crypto'? :D
It can`t develop normally, what are you talking about? no development on coinbase, no progress now and in the future
20 Feb, 2019 - 09:38
another acquisition from coinbase. definitely this company is doing some kind of strange activity as it is impossible for company that fires 15 employees at a time due to lack of salaries to buy startups
19 Feb, 2019 - 17:13
Of course, Coinbase is really a very strange activity. it robs people constantly so it has a mountain of illegal money. false cheaters
23 Feb, 2019 - 09:26
Neutrino will not be able to find intruders if it works for Coinbase scammers lol
19 Feb, 2019 - 21:46
and it was not going to look for them. it's just a Coinbase fiction to pretend that it cares about customers and that safety is important to it. but it's all a lie.
24 Feb, 2019 - 08:12
again coinbase releases some fake news to attract the market attention
19 Feb, 2019 - 22:01
I am sure that this has become commonplace for Coinbase. and how else would it not lose the remaining customers? although it has no chance
24 Feb, 2019 - 09:50
and what will be the next? ceo of coinbase will call himself as God?
19 Feb, 2019 - 22:17
I think this coinbase ceo Brian already thinks he is God. Someone needs to take him down a peg.
19 Feb, 2019 - 22:44
it seems to me that Сoinbase will start tracking us, track all transfers and operations now
19 Feb, 2019 - 22:46
seems like coinbase wants to scam all over the world ))
19 Feb, 2019 - 23:15
actually coinbase wants to scam everything globally and again doesn't care about its users...
19 Feb, 2019 - 23:49
Coinbase! prevent at least your theft from customer accounts.
20 Feb, 2019 - 06:20
The easiest way to analyze is to read reviews. coinbase needs to do this, improve what its customers want and there will be no problems
20 Feb, 2019 - 20:17
It is impossible for coinbase to identify the malefactors without carrying out constant tracking of customer actions. But this is not good. In this case you could use the bank and have the same result
20 Feb, 2019 - 20:56
coinbase is really crazy but not in this life i hope )
20 Feb, 2019 - 21:06
Coinbase bought Neutrino and hopes to prevent theft of people funds. How is this possible if the thief is Coinbase lol?
20 Feb, 2019 - 21:21
Is Neutrino those scammers who abused users' private data? I'm shocked by what startup added Coinbase
26 Feb, 2019 - 22:34

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