Campbell declined to comment on any details of a potential “earn-out” contract, where entrepreneurs are typically guaranteed a large, additional payout if they remain at the acquiring company for a certain number of years.The two teams started discussing an acquisition in the summer of 2019, says Jennifer Campbell.
Coinbase’s balance sheet will also help Tagomi with a liquidity challenge, since trading platforms like Tagomi need to pre-fund trades, having cash in the right places at the right times. “When you want to buy $1 million of bitcoin, we need to have thought through where you're likely to want to buy,” TusarThe Tagomi purchase follows other key acquisitions by Coinbase over the past two years. Last summer, it bought cryptocurrency custody company Xapo for $55 million.
If they do this, then there is a profit in it.
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