The momentum in the cryptocurrency space continues to grow. Coinbase, the cryptocurrency exchange giant from the US, has acquired Agara, an AI-powered support platform with operations in India and the US, said Coinbase on Tuesday.
This is the first acquisition for Coinbase which has been hiring people in India to expand in the region.
According to Coinbase, the company has increased its support staff headcount by 5x in the past few months and it will also deliver 24/7 phone support and live messaging by the end of the year.
While the companies did not disclose the transaction details, media reports suggest that Coinbase will pay around $40 million for the acquisition.
