Top-tier crypto exchange platform Coinbase has reportedly finalized the acquisition of crypto aggregator service Zabo, adding another entity into the rapidly expanding list of purchased establishments. 

Specifically, Coinbase has reportedly initiated the purchasing process for Zabo – a virtual asset startup headquartered in Dallas, US, which specialises in offering data integration services with high-profile crypto exchanges and wallets, including Coinbase’s competitor Kraken. 

A Zabo representative reportedly claimed that the particular terms of the deal will not be revealed, but the acquisition is slated to be completed within August 2021. 

Established 3 years ago (2018), Zabo is reportedly designing technology with a target of linking up crypto accounts from a variety of exchanges and wallets to achieve unification of their crypto holdings in pre-formatted, standardized data, using an application programming interface (API). 

Particularly, the offering will reportedly make it possible for customers to retrieve balances and transaction histories from numerous crypto addresses in a seamless manner. 

Per information revealed via the firm’s web page, Zabo’s API integrations consist of over 50 crypto exchanges and wallet services, including Coinbase’s competitor Kraken, high-profile blockchain wallet Ledger, crypto payment platform BitGo, crypto exchange FTX and others.

“Over the last three years, with the help of our amazing team, customers, investors, and partners, we succeeded in establishing the Zabo API as the world’s most powerful tool for connecting to any crypto exchange, wallet, protocol or account,” Zabo co-founder Alex Treece reportedly remarked regarding the development via a blog post.