Published On: Tue, Apr 17th, 2018

Coinbase Continues to Expand, Acquires Cipher Browser

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In an effort to strengthen its ever-expanding role in the cryptocurrency space, Coinbase has acquired Cipher browser – a competitor to its in-house Ethereum wallet, app browser and secure messaging service.
Toshi + Cipher
On April 13, popular San Francisco-based cryptocurrency exchange Coinbase announced its acquisition Cipher Browser, a free mobile Ethereum wallet, and web3 dapp browser.

We’re excited to welcome @CipherBrowser to Coinbase! https://t.co/CIqK0EtDbb
— Coinbase (@coinbase) April 13, 2018

The move by Coinbase has primarily been made strengthen its own similar product, Toshi — though the exact terms of the deal have not been revealed.
Introduced last year, Toshi is a free API toolkit for bitcoin app developers that runs on a full bitcoin node backed by a SQL database. Toshi users can also utilize the platform as a wallet for Ethereum while browsing Ethereum apps and sending secure messages — almost exactly like as on Cipher. Thus, the move may be interpreted as a strategic acquisition to remove competition.
As noted by TechCrunch, Coinbase plans on integrating the Toshi and Cipher Browser teams — which will be a fairly simple process, given the fact that Cypher was created by one person, Pete Kim. Kim …

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