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Coinbase To Acquire Peer-Peer Trading Firm, Omn
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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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