Coinbase ramps up acquisition spree

Posted On 8:01 AM // Leave a Comment

Every morning the Insider Intelligence team delivers research briefings covering key trends moving industries. As a bonus for being a frequent Insider reader, we're including some free content below.

Want more content like this daily? Join our FREE Insider Intelligence Daily newsletter by clicking here.

August 14, 2021

Coinbase acquires crypto accounts aggregator to help retain its market lead.

Coinbase bought account aggregation startup Zabo so users can view their third-party crypto accounts within the Coinbase app.

Zabo's API connects to any crypto exchange, wallet, or protocol, giving Coinbase users the added convenience of seeing their full balances and transaction histories across the different platforms they use.

Such acquisitions let Coinbase launch more value-added products to stay ahead of competitors, and crypto-focused funds are next.

Insider Intelligence's Victor Chatenay has the full story.

BRIEFING HIGHLIGHTS

Klarna bolsters global presence as credit cards get involved in BNPL

Klarna is pursuing aggressive growth with new partnerships with the Commonwealth Bank of Australia and Yoox Net-a-Porter.

Mastercard is poised for growth, but regulations loom

Mastercard is making moves that can help it capitalize on rising retail spending as legislators mull new fee restrictions.

Insurtech TypTap's knocks on the IPO door

In submitting its IPO plans, TypTap joins a wealth of fellow insurtechs also going public during another banner year for insurance IPOs.

Crypto exchange CoinDCX nets $90 million

CoinDCX scored a $90 million Series C funding round led by investment firm B Capital amid surging cryptocurrency interest among consumers in India this year.

Credit, debit cards nearly tied in popularity

More than 42% of US credit card owners prefer using debit cards and 45% prefer credit cards.

India extends cashless payments with e-RUPI launch

e-RUPI caters to essential transactions like medical payments and food vouchers, increasing financial inclusion for the country's unbanked population.

Greenwood's content arm pushes financial empowerment

Greenwood, a US neobank that caters to Black and Latino communities, unveiled a studio arm that could help build anticipation for its 2022 launch.

Venmo's crypto-for-cash-back feature further enmeshes card users in its ecosystem

Venmo will launch Cash Back to Crypto that will allow users of the Venmo credit card to automatically exchange their cash back rewards for cryptocurrency.

Robinhood's stock democratization is never done

Robinhood acquired Say Technologies so shareholders can engage with the companies they invest in.

China's insurtechs have a bumpy road ahead

Insurtechs were given days to set up regulatory compliance groups as China's crackdown on the fintech ecosystem broadens.

RESEARCH IN FOCUS

Credit Cards in the 'Next Normal'

After the coronavirus pandemic forced issuers to adapt rewards, enhance forbearance, and build out digital tools to cope with a volume hit in 2020, they're looking to reimagine their offerings in the future to add new customers and regain primary card status. Insider Intelligence evaluates the future of consumer credit cards through a pandemic-focused lens.

Get the full report →

Blockchain in Payments

Blockchain is attracting enormous interest on the back of surging cryptocurrency valuations and increasingly high-profile payment integrations. Insider Intelligence presents a balanced look at the blockchain payment use cases with the highest maturity.

Get the full report →

Account Opening in the Next Normal

Bank account opening is bouncing back after a slump during the coronavirus pandemic, and digital account opening (DAO) activity in particular is poised to benefit from the surge. We examine the status of digital account opening—focusing primarily on deposit accounts—and what the trajectory of DAO will look like over the next few years for incumbent banks and digital challengers.

Get the full report →