New rumors are circulating that social media giant Facebook has plans to purchase the US’ biggest digital currency exchange, Coinbase, as part of an apparent U-turn on cryptocurrency.
Acquisition ‘Not Surprising’
Following initial suspicions in mainstream media earlier this month, UK publication The Independent renewed the likelihood of a buyout Wednesday — quoting a source who said he wouldn’t be “surprised” if a deal occurred.
“It wouldn’t surprise me if Facebook made an attempt to acquire Coinbase,” tech entrepreneur Oliver Isaacs said. “Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question.”