Multis integrates Coinbase, Coinbase Commerce and Major Exchanges

March 17, 2021
Samantha Fields

Bringing Coinbase to Multis...

If you're at all like us, you've been following the imminent Coinbase IPO with rapt attention. As a company founded by self professed "crypto dreamers", seeing Coinbase lauded as the "next Facebook" by not only the industry press, but also by legacy players is exciting - even more so because Coinbase happens to be one of our investors.

So although we're hard at work building a crypto business account for operations, we wanted to  share some exciting news: businesses can connect their Coinbase and Coinbase Commerce wallets to the Multis interface. This may not seem like a big deal but for us it's a game changer!

Coinbase is an essential part of a crypto business stack

When we built our first multisignature wallet for business, we envisioned it as the only crypto account a company needed. It was an elegant vision, but it's not a reality for businesses. Crypto start-ups use all kinds of wallets and they have accounts on various exchanges. We realized that our idea of good wallet hygiene (eg: having a single wallet or very few wallets) was not only impractical for many companies but it was also not safe- keeping funds on different wallets and exchanges is a means of protecting them from a major hack.

Coinbase Commerce, with its over 8,000 merchants and $200 million transactions processed in 2020 alone, was for us an obvious player that needed to be integrated into our updated product.

Integrating main exchanges: Binance, Kraken, Crypto.com

Of course, it's not simply Coinbase, we've integrated all major exchanges, meaning that companies can upload their wallets from Kraken, Binance, Crypto.com and other major exchanges to their Multis account to better track funds and move money.  

Bringing fiat into the mix for a true holisitic overview of funds

Even though we're bullish on crypto, we know that dollars and euros aren't going anywhere. This is why integrating exchanges is our first step in getting fiat in Multis accounts- so the dollars and Euros that are sitting on Coinbase, Binance or Kraken accounts are accounted for on your Multis dashboard. This will be one of the first in many fiat integrations with Multis- so watch this space!

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Breaking Legacy: A CFO's Guide to DeFi & Digital Assets
Decentralized Finance (or DeFi) and digital assets aren't just a fad or a bubble. They have the potential to provide value to people typically underserved by traditional banking systems, in particular small and medium sized enterprises. Learn how SMEs can leverage decentralized financial services including:
High interest savings accounts that earn more than traditional bank accounts
Accepting payments in digital assets before incorporation
Receiving instant loans
Invoice financing solutions
Paying salaries instantly in digital assets with no cross-border payment fees
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