Coinbase acquires API Data Management company Blockspring

Leading exchange Coinbase has acquired tech startup Blockspring which builds tools for data management from APIs. The startup officially announced this on its blog stating that they will join Coinbase but continue to operate independently. According to Crunchbase, this will mark Coinbase’s 11th acquisition.

Tim Wagner, VP Engineering, Coinbase, took to Twitter to speak about this acquisition: 

The financial terms of this acquisition have not been revealed by both the parties. Blockspring is also backed by leading venture capital firm Andreessen Horowitz.