Coinbase’s Acquisition Of Tagomi


Fenwick & West represented Coinbase Inc., while Latham & Watkins LLP represented Tagomi in the transaction.

Coinbase Inc., a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum and litecoin, entered into an agreement to acquire Tagomi, a leading crypto prime brokerage platform.

The acquisition will bolster Coinbase’s offerings for advanced traders and the most sophisticated crypto investors. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close later this year.

The Fenwick transaction team representing Coinbase included corporate partners Bomi Lee (Picture), Michael Brown and Mark Stevens, associates Christopher Gorman, Sean Ahn and Han Ko; executive compensation and employee benefits partner Matthew Cantor and counsel Nicholas Frey; technology transactions partner Jonathan Millard, counsel Christopher Joslyn and associate Russell Wong; privacy and cybersecurity director Brent Hoard and associate Joseph Newman; and tax partner Idan Netser and associates Marianne Tassone and Einav Axler.?

Latham & Watkins LLP represented Tagomi with a corporate deal team led by partners Mark Bekheit, Benjamin Potter, and Miles Jennings, with associates Matthew Bedrossian and David Chen. Advice was also provided on tax matters by partner Grace Lee, with associate Jessica Chen; on benefits and compensation matters by partner Ashley Wagner, with associate Brianna Stellpflug; and on technology transaction matters by partner Anthony Klein, with associate Morgan Brubaker. The entire team is based in the Bay Area with the exception of Morgan Brubaker who is based in Washington, D.C.

Involved fees earner: Sean Ahn – Fenwick & West LLP; Einav Axler – Fenwick & West LLP; Michael Brown – Fenwick & West LLP; Matthew Cantor – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Christopher Gorman – Fenwick & West LLP; Christopher Joslyn – Fenwick & West LLP; Han Ko – Fenwick & West LLP; Bomi Lee – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Idan Netser – Fenwick & West LLP; Joseph Newman – Fenwick & West LLP; Mark Stevens – Fenwick & West LLP; Marianne Tassone – Fenwick & West LLP; Russell Wong – Fenwick & West LLP; Matthew Bedrossian – Latham & Watkins; Mark Bekheit – Latham & Watkins; Morgan Brubaker – Latham & Watkins; Jessica Chen – Latham & Watkins; David Chen – Latham & Watkins; Miles Jennings – Latham & Watkins; Anthony Klein – Latham & Watkins; Grace Lee – Latham & Watkins; Benjamin Potter – Latham & Watkins; Brianna Stellpflug – Latham & Watkins; Ashley Wagner – Latham & Watkins;

Law Firms: Fenwick & West LLP; Latham & Watkins;

Clients: Coinbase Inc.; Tagomi;

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Author: Ambrogio Visconti