Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
Cronos Labs has enlisted the expertise of industry leaders, including Google Cloud, Amazon Web Services, as well as distinguished blockchain security experts from PeckShield and Certik, to serve as mentors for their program.
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