Coinbase Custody Acquires Xapo’s Institutional Branch To Become The Largest Crypto Custodian

Coinbase, one of the largest cryptocurrency exchanges in the market,  informed it purchased Xapo’s institutional business. Xapo Institutions allows businesses or financial companies to organize, safeguard and manage […] The post Coinbase Custody Acquires Xapo’s Institutional Branch To Become The Largest Crypto Custodian appeared first on UseTheBitcoin. Source Author: Carlos Read more…

Coinbase Custody receiving $200-400M per week in new crypto deposits from institutions, says Armstrong

Coinbase CEO Brian Armstrong has said that the exchange’s custody unit has been receiving $200-400 million per week in new cryptocurrency deposits from institutional customers. The CEO made the comments on Twitter on Friday, hours after Coinbase confirmed its acquisition of rival Xapo’s institutional custody business for $55 million. “Trusted/safe Read more…

Coinbase becomes largest crypto custodian as it acquires Xapo’s institutional business

Coinbase becomes largest crypto custodian as it acquires Xapo’s institutional business ? CryptoNinjas Coinbase, the US-based bitcoin exchange company, has announced that its Coinbase Custody division has completed an acquisition of the institutional business of New York DFS-regulated and Gibraltar-licensed E-money institution, Xapo. Over one year since launch (November 2017), Read more…

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