Coinbase is one of the largest Crypto trading platforms globally and its subsidiary Coinbase VC has just acquired Neutrino.This latest acquisition adds to the 13 other purchases it has made since being established just last year. Neutrino specialises in Blockchain intelligence to track cryptocurrency flows across multiple blockchains, is now going to be used by Coinbase on America’s large Crypto client bank.
Coinbase have already announced that they want to expand the number of Cryptocurrencies that use it platform and using Neutrino’s technology they believe that they can help token market mature and further legitimize the Crypto sector. As by analysing blockchains with Neutrino it is possible to help funds being taken illegally from people’s wallets and help Coinbase track down and identify the perpetrators of ransomware attacks.
