Coinbase Eyes More Acquisitions as It Expands Payments Business

Coinbase Global Inc. is ramping up its efforts in the digital-payments space, with ambitions to make additional acquisitions and generate more revenue from the business line.

The biggest US crypto exchange acquired payments startup Utopia Labs’ team this month, and it may buy more payments-related businesses to expand its capabilities, according to Shan Aggarwal, Coinbase’s vice president of corporate and business development. The company is also considering charging fees for some payment services in Coinbase Wallet, such as subscriptions for certain capabilities, Aggarwal said in an interview.

Coinbase has made a big push into payments in the past year ...