COINBASE BUYS TOKEN MANAGER LIQUIFI

Summary from the TLDR Crypto newsletter

Coinbase's acquisition of token management platform Liquifi marks its fifth purchase in 2025, following deals for Spindl, Iron Fish's team, Roam, and the industry-record $2.9 billion Deribit takeover. Liquifi, backed by a $5 million 2022 seed led by Dragonfly and used by Uniswap Foundation, OP Labs, Ethena, and Zora, offers cap table tracking, token vesting distribution, and tax withholding tools like Carta. The move advances Coinbase's goal of an end-to-end token lifecycle platform, positioning it closer to Binance-style launchpad offerings and expanding beyond simple trading.