ShapeShift acquires KeepKey
According to today’s announcement, the staff of Shapeshift will continue working on hardware wallet line of startup KeepKey. In last summer, the startup has originally integrated with this cryptocurrency exchange via its API.
Though the terms of a deal are not yet disclosed, it presents acquisition of the first startup. This startup is purely based on hardware products.
“This partnership will not only guarantee the future success of the this brand and product line. But joining the ShapeShift team will enable us to focus on continuing to work on developing better technology and security for crypto-holders,” Ken Hodler, KeepKey’s chief technology officer, said in a statement.
However, the deal comes into picture after ShapeShift closed funding round up of $10.4 million. It has further affected in moving of KeepKey to end its support last month for a long running MultiBit Bitcoin wallet. Which was first acquired by this startup in the year 2016.