Coinbase is in acquisition talks with rental startup Omni
Illustration: Rebecca Zisser / Axios
Coinbase is in early acquisition talks with peer-to peer rental startup Omni, Axios has learned. The discussions appear to be focused on acquiring engineers, according to a source. Coinbase declined to comment.
Why it matters: Coinbase, which provides a variety of digital token services, previously said that 12% of its product and engineering employees came through acquisitions. Omni's engineering employees already have experience with digital tokens: After cryptocurrency company Ripple invested in the company, Omni later began allowing customers to earn its cryptocurrency, XRP, for renting out their possessions.