Coinbase Buys Bison Trails

Coinbase believed that Bison Trails’ infrastructure could help it and the Web 3.0 space develop.

Coinbase stated today that it is prepared to obtain Bison Trails, a blockchain infrastructure provider.

The announcement stated that Coinbase has seen Bison Trails’ technology as a key to future development:

“Similar to how in the traditional Web paradigm, reliable managed infrastructure unleashed a wave of innovation, our strategy is to offer turn-key solutions to power distributed and scalable crypto infrastructure, enabling the innovators and builders of tomorrow to do what they do best: build,” the release mentioned.

“This will help drive one of the greatest transformations in finance in the last hundred years, and will drive us closer to achieving our mission of creating an open financial system,” it added.

Coinbase Ventures first invested in Bison Trails two years ago. Bison Trails and Coinbase’s different businesses have been very close ever since. For example, Both Bison Trails and Coinbase Custody joined the Proof of Stake Alliance in early 2020. And both are members of Facebook’s Diem – formerly Libra – Association.

The exchange will support Bison Trails as a separate brand and product. Bison Trails is an infrastructure-as-a-service company that lets people casually run nodes on other blockchain protocols. It recently supports major blockchain protocols like Ethereum 2.0, Tezos, and Polkadot.

In its announcement, Bison Trails stated that it would “stay committed to our mission to provide superior infrastructure on multiple blockchains, to strengthen the ecosystem, and enable the pioneers of tomorrow.”

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