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Coinbase negotiates acquisition of Xapo’s Bitcoin custody business

Coinbase negotiates acquisition of Xapo’s Bitcoin custody business

Coinbase is in advanced talks to buy custody provider Xapo. The deal is estimated to cost around $50 million. Xapo, founded in 2014, provides BTC wallet and a cold storage vault. The company declares that it holds $10 billion in crypto assets for its more than 1.5 million customers around the world.

Timothy
Timothy
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