{"id":34438,"date":"2021-01-09T11:26:15","date_gmt":"2021-01-09T09:26:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34438"},"modified":"2025-08-28T20:33:39","modified_gmt":"2025-08-28T17:33:39","slug":"coinbase-acquires-routefire-an-institutional-investor-focused-startup","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinbase-acquires-routefire-an-institutional-investor-focused-startup\/","title":{"rendered":"Coinbase acquires Routefire, an institutional-investor\u2013focused startup"},"content":{"rendered":"<p>The largest U.S.-based bitcoin exchange Coinbase has acquired Routefire, a service specialising in executing large cryptocurrency trades.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As more institutions enter the crypto space, we\u2019re committed to providing the most sophisticated trading services in the space. Today we\u2019re excited to welcome the <a href=\"https:\/\/twitter.com\/routefireio?ref_src=twsrc%5Etfw\">@routefireio<\/a> team to Coinbase to help us execute on this commitment. <a href=\"https:\/\/t.co\/hyGTtGI6Ji\">https:\/\/t.co\/hyGTtGI6Ji<\/a><\/p>\n<p>\u2014 Coinbase (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1347240688849539073?ref_src=twsrc%5Etfw\">January 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Routefire, a San Francisco-based startup founded in 2017, develops institutional-grade solutions that enable rapid execution of large orders with minimal costs and negligible price impact.<\/p>\n<p>According to information on Routefire\u2019s website, the startup previously attracted venture capital from Blockchain Capital, Hustle Fund and FJ Labs.<\/p>\n<p>With the acquisition, Coinbase aims to expand the company\u2019s brokerage business. The terms of the deal were not disclosed.<\/p>\n<p>Last year, Coinbase acquired crypto prime broker Tagomi for $75 million.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"yCiyv24aLG\">\n<p><a href=\"https:\/\/forklog.com\/en\/news\/despite-the-pandemic-and-crisis-how-the-bitcoin-industry-attracted-investment-in-2020\">Against the backdrop of the pandemic and crisis: how the bitcoin industry attracted investment in 2020<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAgainst the backdrop of the pandemic and crisis: how the bitcoin industry attracted investment in 2020\u201d \u2014 ForkLog\" src=\"https:\/\/forklog.com\/exclusive\/vopreki-pandemii-i-krizisu-kak-bitkoin-industriya-privlekala-investitsii-v-2020-godu\/embed#?secret=evxvqsge96#?secret=yCiyv24aLG\" data-secret=\"yCiyv24aLG\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Earlier, Coinbase <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-explains-how-it-helped-microstrategy-invest-425-million-in-bitcoin\">helped<\/a> the analytics-software provider MicroStrategy acquire bitcoin worth $425 million.<\/p>\n<p>Subscribe to ForkLog\u2019s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest U.S.-based bitcoin exchange Coinbase has acquired Routefire, a service specialising in executing large cryptocurrency trades.<\/p>\n","protected":false},"author":1,"featured_media":34439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1156,1235],"class_list":["post-34438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-institutional-investors-and-whales","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34438"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34438\/revisions"}],"predecessor-version":[{"id":34440,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34438\/revisions\/34440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34439"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}