Coinbase Custody Becomes World’s Largest Crypto Custodian
Main page News, Fintech, Tech, US, Exchange, Cryptocurrency Exchanges

Coinbase Custody, a service that offers clients access to the secure, institutional-grade offline storage solution, has announced it acquired Xapo’s institutional businesses.

From now, Coinbase Custody has over $7 billion in Assets Under Custody (AUC) stored on behalf of more than 120 clients in 14 different countries.

Coinbase Custody Becomes World’s Largest Crypto Custodian

Xapo is a New York DFS-regulated entity (NY Bitlicense holder) and a Gibraltar-licensed E-money institution, that offers a multi-currency digital wallet and card that operates in the global market.

Coinbase Custody Becomes World’s Largest Crypto Custodian

"Through the acquisition of Xapo’s institutional businesses, we’re now proud to act not only as the gateway for millions of people to cryptocurrency, but also as the world’s largest and most trusted steward of digital assets," states the announcement.

Earlier iHodl reported that Coinbase was about to acquire Xapo.

In the meantime, Visa invested $40 million in a Series funding round led by Blockchain Ventures and joined by Visa and Andreessen Horowitz in cryptocurrency custody service called Anchorage.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error