Crypto wallet startup BRD has been bought by Coinbase, according to a BRD blog post Wednesday (Nov. 24), which co-founders Adam Traidman and Aaron Voisine say will accelerate the company’s decentralization goals.
The post notes that “at this time, nothing will change in the BRD wallet app” and reassures users that their funds are “safe and secure.”
According to a tweet from the Coinbase Wallet account, the BRD team will help with the adoption of web3, and the team’s expertise in crypto wallets will help Coinbase with its crypto safety and security needs.
The post also notes that in the future, BRD wallet users can choose to migrate to self custody with Coinbase Wallet, “which will include a special gift.”
That said, the startup’s utility token is facing an unknown future. The token trades under $BRD and is part of the customer loyalty program.
Coinbase has been debuting new tools to help boost education about crypto, and allow the community to share what they know and be interactive with the effort.
The company said customers have been “looking for ways to…