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Coinbase Brings on Team at 'Onchain Browser' Roam

The deal tasks the startup's team with accelerating Coinbase's consumer onchain efforts.
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Jan 8, 2025 • 1 min read

Xen Baynham-Herd, CEO of crypto startup Roam.xyz, announced yesterday via Twitter post that his company would be joining Coinbase in a deal that will include winding down the Roam app.

What’s the Scoop?

  • Roam.xyz Team’s Future: Co-founders Xen Baynham-Herd (CEO), Ali Fathalian (CTO), and John Granata (CPO) will be joining Coinbase to assist in the “company’s on-chain consumer efforts”
  • End of Roam: The Roam team plans on winding down the Roam app and ending operations for Roam.xyz

Bankless Take:

This deal signals that Coinbase is keeping an eye out for exceptional teams in the consumer space. With the acquisition of the Roam team, Coinbase appears to be investing in a more user-friendly future for onchain apps, one of the main challenges that Roam was tackling.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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