Coinbase, the leading cryptocurrency exchange, acquired the Routefire platform to improve trading activity.
In a blog post on January 7th, the Routefire CEO Jason winner, announced that the team will now develop its execution services for Coinbaseand thanks the users for their support over the past three years.
Routefire started in late 2017 with a mission to improve the trading infrastructure in the cryptocurrency market.. They developed products that Enable traders to automatically search for multiple sources of liquidity Find the cheapest prices in both prices and prices.
After the move, Routefire team develops Coinbase Prime suite of tools and services. This is supposed to be it leading broker platform for financial institutions who want to trade in the crypto room.
Coinbase has suffered multiple outages in the past 12 monthsThis often coincides with volatile trading days for Bitcoin and infuriates traders who have missed out on potential profits. The acquisition of Routefire and its experience in conducting the trading activity could in some way help restore confidence in this regard.
At the end of last year Coinbase filed an IPO registration with the US Securities and Exchange Commission. The move has been viewed by many as yet another sign of the growing legitimacy of the cryptocurrency market.