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Coinbase To Acquire Peer-Peer Trading Firm, Omn

Coinbase is in early talks to acquire rental startup Omni, according to report by TechCrunch

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The cryptocurrency exchange plans to acquire Omni for its engineering talent to work on the Coinbase Earn product. Omni originally started off as a storage service provider before pivoting to enabling users to borrow items from other users on its platform.

A Coinbase representative told TechCrunch that there’s currently no official deal on the table.

Omni has raised a total of $35M from investors including Flybridge, Highland, and Founders Fund. In 2018, the firm raised $25M from Ripple. 

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Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin31,154 0.21 % 0.66 % 12.46 %
Ethereum1,282.5 0.38 % 0.61 % 7.46 %
Tether1.000 0.11 % 0.12 % 0.34 %
Polkadot16.52 0.30 % 3.45 % 8.06 %
XRP0.2576 0.15 % 1.37 % 13.07 %
Cardano0.3301 0.23 % 0.75 % 12.29 %
Chainlink23.39 0.34 % 7.63 % 6.82 %
Litecoin129.09 0.70 % 0.61 % 13.86 %
Bitcoin Cash389.01 0.14 % 2.82 % 22.18 %
Binance Coin42.15 0.76 % 1.70 % 0.86 %