Phantom Boosts Crypto Reach with SimpleHash Acquisition

Cryptocurrency wallet provider Phantom has announced its acquisition of token data platform SimpleHash, marking its third acquisition in recent months. The financial terms of the deal have not been disclosed. Phantom has previously acquired Blowfish and Bitski, further expanding its reach in the cryptocurrency ecosystem.

SimpleHash, a leading token data platform, will join forces with Phantom to enhance the token data experience for Phantom users. The integration of SimpleHash's technology and team will enable Phantom to provide more accurate and high-performance wallet services to its users.

Phantom declined to comment on the exact number of SimpleHash employees and how many will transition to Phantom following the acquisition. However, the company has stated that the SimpleHash team will play a crucial role in improving the token data experience for Phantom users.

The acquisition of SimpleHash is a strategic move for Phantom, as it seeks to strengthen its position in the cryptocurrency market. By integrating SimpleHash's technology and expertise, Phantom aims to provide a more comprehensive and seamless wallet experience for its users.