Crypto exchange Coinbase continues its acquisition spree in 2025 with the purchase of token management platform Liquifi, as per a report on Wednesday. COIN stock price has opened more than 2% higher during market hours, recovering from yesterday’s 4.33% fall.
Crypto Exchange Coinbase Buys Liquifi
Coinbase has acquired token management platform Liquifi, according to a report by Fortune on July 2. This marks the company’s fourth acquisition this year, following three in 2024. Terms of the deal remain undisclosed.
The token platform brings cap table and token distribution tools in-house as it builds toward an end-to-end crypto platform. It distributes and launches tokens compliantly across vesting, lockups, tax withholding, airdrops, payroll and more.
“Token creation and cap table management is part of the process,” said Aklil Ibssa, referring to the life cycle of a cryptocurrency. “If we want to bring a billion people on chain, this process needs to be much easier and less broken,” he added.
Recently, Coinbase acquired crypto derivatives company Deribit for $2.9 billion, the largest acquisition in the history of the crypto industry. It also acquired crypto-based advertisement firm Spindl and the team behind privacy-focused blockchain Iron Fish.
Notably, Coinbase is seeking approval from the U.S. SEC to offer tokenized equities to users. Tokenized stocks are digital versions of regular company shares. Rather than holding ordinary stock, investors would hold virtual tokens representing company shares.
Liquifi may also play an important role in tracking tokenized stocks offered on Coinbase. Notably, Well-known crypto companies like the Uniswap Foundation, OP Labs, Ethena, and Zora use the platform to track stake owned by entities of a cryptocurrency, distribute tokens after vesting periods, and manage the intricacies of tax withholdings.
COIN Stock Price Recovers
Coinbase stock closed 4.33% lower at $335.33 on Tuesday, extending the five-day fall to nearly 7%. However, the COIN stock price has recovered today by nearly 2% to $342.08, as per Yahoo Finance.
Notably, Bank of America Securities’ top analyst Craig Siegenthaler increased the price target for COIN stock to $397.
Bernstein analyst Gautam Chhugani called Coinbase “the most misunderstood company in our Crypto coverage universe,” adding that it stands to benefit from Genius Act stablecoin legislation. Bernstein analysts hiked their Coinbase price target to $510 from $310.
