United Fintech / Cobalt 2022
United Fintech acquired Cobalt on December 19, 2022.
- Target
- Cobalt
- Acquirer
- United Fintech
- Announced
- December 19, 2022
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- United Fintech announced the acquisition of Cobalt on December 19, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire FX and digital asset infrastructure provider to expand United Fintech's institutional trade technology capabilities and strengthen market position.
Deal terms & multiples
Frequently asked questions
When did United Fintech announce the acquisition of Cobalt?
United Fintech announced the acquisition of Cobalt on December 19, 2022.
What sub-sector is Cobalt in?
Cobalt is tracked in the Crypto / Digital Assets sub-sector.
Sources
- crowdfundinsider.com /2022/12/200062-united-fintech-acquires-cobalt-to-enhance-fx-digital-assets-trading-capabilities/