Cryptocurrency exchange Coinbase has acquired the mobile browser and Ethereum-wallet Cipher Browser. The message of this news came out on Friday.

This purchase will allow Coinbase to integrate many of the features of the product Cipher Browser in their own decentralized mobile browser Toshi.

In addition, according to the announcement, the founder of Cipher Вrowser Peter Kim (Peter Kim) will lead the technical development Department is Toshi. It is worth noting that while none of the parties did not disclose terms of the transaction.

Vice President Coinbase and communications, Rachel Horwitz (Horwitz Rachel) stated that the company “is constantly looking for the best teams and technologies in Cryptoprotected”.

“Given the similarity of our vision product, we are excited to join forces with Pete, who will become the head of the technical Department… Toshi In the coming weeks we will bring to the Toshi some features of the Cipher,” continued Horwitz.

Later in the Twitter Browser Cipher was published the announcement that the test network will be one of the first functions introduced in Toshi after completion of the merger.

The process of this transaction will meet the former CEO of LinkedIn Emily Choi (Choi Emilie) that Coinbase hired last month as the new Vice-President, corporate and business development.