Coinbase has acquired the token management platform Liquifi, marking its fourth acquisition of 2025. This move strengthens Coinbase’s position in the crypto stack by enabling more robust token distribution.
Coinbase Acquires Liquifi to Strengthen Token Infrastructure
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Crypto Consolidation Continues: Coinbase Snaps up Token Platform Liquifi
Coinbase has officially acquired Liquifi, a token management platform used by top crypto projects to handle token distribution, vesting, and ownership tracking. This marks Coinbase’s fourth acquisition in 2025 and continues its push to build a full-stack crypto platform, not just a marketplace.
Liquifi’s client base includes the likes of Uniswap Foundation, OP Labs, and Zora, who rely on the platform to manage token vesting schedules, tax compliance, and stakeholder records, often compared to equity platform Carta, but for crypto.
This acquisition follows Coinbase’s other recent deals, including Spindl, Iron Fish’s core team, and a landmark $2.9 billion purchase of derivatives exchange Deribit. The Liquifi deal, though smaller, moves Coinbase closer to rivals like Binance and OKX, which use launchpads to earn revenue earlier in a token’s lifecycle.
The acquisition comes at a time when the regulatory climate has shifted under a more crypto-friendly U.S. administration, with the current environment emboldening the company’s M&A strategy.
