Coinbase has acquired the custody business of Xapo, a service best known for storing bitcoins in a vault under a Swiss mountain; source says for $55M
but only the custody business. CB also poised to control >5% of all Bitcoins https://fortune.com/...
Fortune Jeff John Roberts
Related Coverage
- Coinbase Custody receiving $200-400M per week in new crypto deposits from institutions, says Armstrong The Block
- Coinbase Custody acquires Xapo's institutional business, becoming the world's largest crypto custodian The Coinbase Blog
- Crypto Giant Coinbase Looks to Entice Institutions With $55 Million Xapo Deal Blockonomi
- Coinbase acquires Xapo Custody to become largest crypto custodian Decrypt
- Coinbase Custody Seeking To Add $400 Million A Week In New Crypto Deposits From Institutional Customers BitcoinExchangeGuide
- Coinbase Diversifies Revenue With $55M Xapo Purchase Crunchbase News
- Coinbase and Xapo Conclude $55 Million Custody Deal InsideBitcoins.com
- Coinbase Custody Acquires Xapo and Becomes the Largest Crypto Custodian Coinspeaker
- Major cryptocurrency exec sees big inflow of capital from institutions, a sign of adoption CryptoSlate
- Coinbase buys Xapo custody business Finextra Research Headlines
- Coinbase Custody Acquires Xapo's Institutional Business Bitcoinist.com
- Altcoin News: Coinbase Acquires Xapo's Crypto Custody Service for $55 Million ALTCOIN MAGAZINE
- Coinbase CEO: ‘Seeing $200-400M a Week in New Crypto Deposits’ From Institutions CryptoGlobe
- Crypto Exchange Coinbase Acquires Xapo's Institutional Custody Business CoinDesk
Discussion
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@annelisebitaml
Annelise M. Strader
on x
“The report today said if Coinbase would be able to onboard remaining customers of Xapo, then its custody service will have more than 860,000 bitcoin in total under custody, worth over $8 billion."via @WolfieZhao @xapo @coinbase @coindesk https://twitter.com/...
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@coinbasecustody
Coinbase Custody
on x
1/ Today, Coinbase Custody has completed an acquisition of Xapo's institutional businesses. With over $7 billion in assets, we're now the most popular place for institutions to store cryptocurrency. Read more here https://blog.coinbase.com/...
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@alex
@alex
on x
The coinbase-xapo deal as a method to diversify the business away from trading rev makes sense.
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@jeffjohnroberts
Jeff Roberts
on x
Scoop: @Coinbase bought Xapo — but only the custody business. CB also poised to control >5% of all Bitcoins https://fortune.com/...