ConsenSys Acquires Open Source Ethereum Wallet to Expand MetaMask

ConsenSys has acquired MyCrypto, which will expand MetaMask wallet’s capabilities


Source: Shutterstock


key takeaways

  • MetaMask will soon support desktop, mobile, extension and browser wallets
  • MyCrypto is an ethereum wallet integrated with web browsers and desktops

Blockchain infrastructure company ConsenSys has acquired open source crypto wallet MyCrypto in a bid to eventually merge the two products. 

MyCrypto is set to be combined with MetaMask, ConsenSys’ Ethereum wallet, to boost security and increase usability, both companies said Tuesday. Terms of the deal were not disclosed

Dan Finlay, co-founder of MetaMask, said in a statement that the collaboration will be better placed to help users “ make the best decisions through this rapidly evolving Web3 wallet landscape.” 

“MyCrypto has consistently been one of the most reliable and intercompatible wallets in Ethereum, often shipping cutting-edge Ethereum features ahead of other wallets, while MetaMask has focused on general-purpose dapp interactions,” Finlay said. 

MyCrypto, founded in 2015, supports Ethereum wallets via web browsers and desktops, while MetaMask employs mobile and browser extensions. The idea in combining the two wallets is to create a product that supports desktop, mobile and browser-based wallets. 

“With the rapid growth of the ecosystem and products racing to ship slick features, it is imperative that the leading wallet continues to build foundational and secure self-custody tools that empower the user,” said Taylor Monahan, founder and CEO of MyCrypto, in a statement. 

The acquisition comes shortly after MetaMask expanded its institutional offerings with the addition of its first built-in custodial solution that supports multi-chain compatibility.

MetaMask’s institutional clients can now access the same multi-chain connectivity across all Ethereum Virtual Machine (EVM) chains that MetaMask provides retail traders. Compatible chains include Ethereum, Binance Smart Chain, Polygon and Avalanche. 

Both products will continue to operate separately in the near term. Within the MetaMask team, MetaMask co-founders Finlay and Aaron Davis, along with MyCrypto founder Taylor Monahan, will work toward a unified product. MyCrypto’s team of 12 employees will be joining ConsenSys. 

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

recent research

Pyth Cover.jpg


Pyth is a low latency pull-based oracle. In a future that looks increasingly high frequency, with various alt L1s and L2s that have significantly shorter block times than Ethereum, and an explosion of “high-frequency” protocols such as oracle or CLOB perp DEXs, Pyth’s low latency oracle product looks much better positioned to capture a significant amount of market share in comparison to competitors.


Binance settlement “an important part of clearing the way for the next bull market cycle,” crypto hedge fund executive says


Hester Peirce reiterated Tuesday that court cases are not the only path to regulatory clarity for crypto, but her colleagues do not always agree


The indictment followed leaks Monday that a Binance settlement deal was forthcoming


The Binance executive is also reportedly set to make an appearance in a Seattle courtroom Tuesday


Monday developments reaffirmed the US as unfriendly to crypto while also offering a potential bullish outlook for segment firms, industry watchers say


It’s unclear what “actions” the CFTC, DOJ and Treasury will announce Tuesday afternoon