Acquired this week by Coinbase for an undisclosed amount, Routefire is a San Francisco-based technology company founded in 2017 that seeks to help institutional customers execute large trade values at high speeds and low costs. With institutional interest in cryptoassets and crypto-related companies on the rise, Routefire will help expand Coinbase’s prime brokerage business. Routefire is the latest of more than 20 firms acquired by Coinbase to date.

SOURCES: THE BLOCK