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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
Bitcoin56,594 0.35 % 1.34 % 3.78 %
Ethereum2,000.4 0.69 % 2.55 % 4.41 %
Binance Coin395.32 1.55 % 0.95 % 30.58 %
--- --- --- ---
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.190 0.62 % 3.06 % 0.45 %
XRP0.9433 0.97 % 0.13 % 64.38 %
Uniswap29.22 0.57 % 1.38 % 4.22 %
Litecoin219.24 1.18 % 2.93 % 11.57 %
Chainlink31.44 1.60 % 3.34 % 7.71 %