Coinbase Custody Becomes World Leader with XAPO Acquisition
Coinbase Custody is set to become the world’s largest provider of crypto custodial services, after acquiring XAPO’s institutional storage business, the company announced in a blog. The acquisition arrives after months of preparation, and puts $7 billion’s equivalent of assets under the control of the Coinbase brand.
Coinbase Custody targets large-scale customers, as the assets in storage belong to just 120 individuals from 14 countries.
“From the start, our goal has been to build the trusted foundation for institutional investment in (BTC) and crypto asset…
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