Coinbase Agrees to Buy Zabo, the ‘Plaid of Crypto,’ for Undisclosed Sum

Zabo, whose co-founders work in the Dallas-Fort Worth area, announced the deal in a blog post Wednesday. It did not disclose the terms of the deal, except to emphasize that it was a “proper” acquisition, not an “acqui-hire,” meaning Coinbase is buying Zabo for its offerings, not just the people. The transaction should close in the coming weeks, Alex Treece, one of Zabo’s co-founders, said.