Coinbase has acquired blockchain intelligence startup Neutrino, according to a post published in the company’s blog on Tuesday, Feb. 19.
Coinbase reveals that the company will continue to operate as a standalone business in its London office. The amount of the contract has not been disclosed.
The U.S. exchange believes that blockchain intelligence will contribute to creating an open and protected financial system. The company expects Neutrino to help Coinbase prevent theft of funds, investigate hacks and ransomware attacks, and identify suspicious transactions.