Coinbase has acquired blockchain analysis startup Neutrino in an effort to bring more cryptocurrencies to people globally while staying compliant with local laws and regulations. Neutrino’s technology will be leveraged to help prevent theft of cryptocurrencies, investigate ransomware attacks, and identify bad actors, as per Coinbase’s blog post.
Neutrino is an Italy-based company founded in 2016 and led by Giancarlo Russo. The company has a comprehensive solution developed specifically for law enforcement agencies that supports analysis of flows of different public blockchains including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, Tether and partially also privacy-based Monero. Coinbase didn’t disclose the amount of the deal.
The team will relocate to Coinbase’s offices in London.