The largest cryptocurrency exchange in the US, Coinbase, continues to make critical buy outs. At this point, Coinbase has acquired the token management platform Liquifi, designed to assist early-stage projects.
This was Coinbase’s fourth buy out in 2025. This acquisition occurred after it bought the derivatives giant Deribit for $2.9 billion in May.
The amount of Liquifi’s buy out was not disclosed.
Coinbase Vice President of Institutional Products Greg Tusari commented on the acquisition of Liquifi:
“Acquiring Liquifi provides us with best-in-class capabilities in token cap table management, vesting, and compliance.
Token creators will be able to receive support from Coinbase from the initial issuance stage.
The Uniswap Foundation, Liquifi platform, which is also used by major cryptocurrency companies such as Ethena (ENA) and OP Labs, provides services such as monitoring token management for cryptocurrency platforms and companies, and seeing how many tokens a particular account, person, or institution owns.
With this move, Coinbase has come one step closer to Binance and OKX exchanges. Binance and OKX also have a platform called ‘Launchpad’ similar to Liquifi. Although Liquifi is not a token issuance platform, it provides tools for supporting projects well before tokens are launched on Coinbase.