US EditionCoinbase Is Building Private Transactions for Base, CEO Brian Armstrong Says
Coinbase acquired Iron Fish's team in March 2025 to build privacy features on Base amid rising interest in privacy coins that saw up to 460% growth recently.
- Brian Armstrong said Coinbase plans to introduce private transactions on Base this year, Coinbase's Ethereum layer 2 network, according to a roadmap update.
- After acquiring the Iron Fish team in March 2025, Coinbase folded the engineers into a privacy pod within Base to develop private-transaction features.
- Technically, Iron Fish employs zk-SNARKs to enable privacy, while the Iron Fish blockchain and native token remain independent under the Iron Fish Foundation.
- Market response was immediate, as Armstrong's post coincided with a 160% spike in IRON and Coinbase said it will share more details in the near future.
- Regulatory pressure continues, as EU and U.S. authorities tighten AML and CTF rules, despite data showing only 0.14% of all cryptocurrency transactions and around 7% of privacy coin transactions involve illicit activity.
12 Articles
12 Articles
IRON Token Jumps 160% After Coinbase CEO Teases ‘Private Transactions’ on Base
Coinbase CEO Brian Armstrong revealed that “private transactions” could soon be available on Base, the Ethereum layer 2 network incubated by Coinbase. “We acquired the Iron Fish team back in Mar 2025 to start working on this. More to share soon,” said Armstrong on X. Iron Fish is a privacy-focused proof-of-work project designed to enable private transactions by using zero-knowledge proofs, specifically zk-SNARKs. This story is an excerpt from th…
Coinbase to Roll Out Private Transactions on Base After Iron Fish Deal
Crypto exchange and infrastructure provider Coinbase Global, Inc. announced plans to roll out private transaction capabilities on its layer-2 network Base, after acquiring the engineering team behind privacy-focused blockchain Iron Fish. In a brief message on X, CEO Brian Armstrong stated: “Base is building private transactions. We acquired the Iron Fish team back in Mar 2025 to start working on this. More to share soon.” Coinbase confirmed the…
Coinbase Eyes Private Stablecoin Transactions on Base Network
Coinbase CEO revealed that his team is working to enable private stablecoin transactions on the company’s Ethereum layer-2 network, Base. The post Coinbase Eyes Private Stablecoin Transactions on Base Network appeared first on TheCoinrise.com.
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