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crypto giant says it has acquired San Francisco-based Liquifi for undisclosed amount

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COIN (COIN) shares are extending gains in morning trading on Thursday after the crypto giant said it has acquired Liquifi for an undisclosed amount.

Liquifi specializes in automating token vesting, streamlining distribution, and managing compliance workflows for crypto-related projects.

The Liquifi acquisition is a positive for CoIN since it reinforces its position as a full-stake crypto infrastructure provider.