Coinbase has acquired Xapo's institutional custody service for $55m

Majority of Xapo's largest clients have agreed to transfer their funds over to Coinbase, bringing over 514,000 BTC under Coinbase's control. Xapo will continue to retain some of its businesses including its retail-facing exchange business and a Switzerland-based bitcoin vault.

Techemy Advisory Capital Chronicles: August 2019, by Techemy Advisory, Techemy Advisory

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Coinbase has acquired Xapo's institutional custody service for $55m

Techemy Advisory Capital Chronicles: August 2019, by Techemy Advisory, Techemy Advisory

Xapo Bank - The Best Crypto Off-ramp Option and Metal Card in 2023, by Quality Leek

Techemy Advisory Capital Chronicles: August 2019, by Techemy Advisory, Techemy Advisory