Coinbase Acquires Liquifi to Enhance Token Management Tools

Coinbase, the largest crypto exchange in the U.S., has acquired Liquifi, a token management platform, marking its fourth major acquisition of 2025. This move follows a series of aggressive acquisitions by Coinbase, including crypto ad firm Spindl, privacy protocol Iron Fish, and a record-breaking $2.9 billion deal for Deribit in May. The terms of the Liquifi deal were not disclosed.

Liquifi provides tools for managing token ownership, tracking vesting schedules, and handling tax obligations. Major players in the crypto industry, such as Uniswap Foundation, OP Labs, and Zora, already rely on Liquifi's tools. With this acquisition, Coinbase is enhancing its infrastructure to support the full life cycle of a cryptocurrency project, from creation to compliance. Aklil Ibssa, head of corporate development at Coinbase, stated that the goal is to simplify token creation and management to facilitate mass adoption. Max Branzburg, Head of Consumer Products at Coinbase, expressed excitement about partnering with Liquifi to help more businesses move on-chain, highlighting the need for simpler tools to manage coin tables, legal and tax hurdles, vesting, and asset distribution as the on-chain ecosystem grows.

This acquisition brings Coinbase closer to becoming a complete crypto platform. While exchanges like Binance and OKX offer token launchpads, Coinbase has traditionally focused more on listings and trading. With Liquifi, Coinbase is stepping earlier into the token process, covering everything from creation to compliance. Liquifi is not a launchpad but provides Coinbase with the tools to support projects long before tokens hit the market, positioning the company to earn value throughout the token’s entire journey, not just after launch.

Despite ongoing legal issues, Coinbase remains confident in its decision to acquire Liquifi, which is currently facing a lawsuit from a competitor over alleged document theft. The company has promised to support Liquifi through the legal process, stating that it conducted a thorough review before finalizing the deal. This acquisition is part of a broader trend of consolidation in the crypto industry, with other major players also making significant moves. Earlier this year, Coinbase acquired Deribit for $2.9 billion, the largest crypto acquisition to date. Meanwhile, Stripe acquired stablecoin startup Bridge and wallet firm Privy, indicating a growing appetite for consolidation across the industry.

With Liquifi now in its corner, Coinbase is building not just for today’s crypto needs but laying the groundwork for the future. The acquisition strengthens Coinbase's token creation and management tools, advancing its goal of mass crypto adoption. This move is part of Coinbase's strategy to become a complete crypto platform, supporting the full life cycle of a cryptocurrency project from creation to compliance. The acquisition also positions Coinbase to earn value throughout the token’s entire journey, not just after launch. Despite ongoing legal issues, Coinbase remains confident in its decision to acquire Liquifi, which is currently facing a lawsuit from a competitor over alleged document theft. The company has promised to support Liquifi through the legal process, stating that it conducted a thorough review before finalizing the deal. This acquisition is part of a broader trend of consolidation in the crypto industry, with other major players also making significant moves. Earlier this year, Coinbase acquired Deribit for $2.9 billion, the largest crypto acquisition to date. Meanwhile, Stripe acquired stablecoin startup Bridge and wallet firm Privy, indicating a growing appetite for consolidation across the industry.