Coinbase - the $1.6 billion cryptocurrency exchange - has acquired the Cipher Browser, a cryptocurrency wallet company that lets users store Ethereum (ETH/USD)-based tokens.
“Exciting news! Cipher Browser is joining Coinbase!” reads a post on Cipher's Twitter account.
Exciting news! @CipherBrowser is joining @Coinbase!@petejkim will become head of engineering for @Toshi and we'll be merging many features of Cipher into Toshi.
— Cipher Browser for Ethereum (@CipherBrowser) April 13, 2018
We're committed to building the best Web 3 experience on mobile.
We can't wait for what we can all build together! pic.twitter.com/2XuuPqD6fp
Cipher Browser said the startup would merge many of its features with Toshi, the decentralized mobile browser launched by Coinbase developers.
Cipher creator Pete Kim will take on the title of head of engineering for Coinbase's Toshi and work alongside Sid Coelho-Prabhu, the current Toshi product lead.
In a separate tweet, Toshi welcomed Pete Kim and added:
“We're excited to combine forces and build the best browser for the decentralized web!”
Welcome @petejkim!
— Toshi (@toshi) April 13, 2018
We're excited to combine forces and build the best browser for the decentralized web! https://t.co/HNOSYH203R
By Jade Olafson