Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody Business
Cryptocurrency exchange Coinbase has acquired the institutional business of cryptocurrency wallet and custody solution provider Xapo.
Xapo is making changes as it transforms into a digital bank launching later this year.
Crypto custodians are in a race to build the next State Street or BNY Mellon.
Xapo, one of the earliest bitcoin custodians, is ending its service to U.S. customers as of March 1.
A crypto trader is trying to seize nearly 500 bitcoins from exchanges Xapo and Indodax through a new lawsuit that accuses the two crypto exchanges of harboring his stolen funds.
Pete Najarian previously worked for bitcoin service provider Xapo as senior vice president of institutions.
Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees. The cross-complaint filed by Casares at California’s Superior Court on 24th July states: “LifeLock’s highly dysfunctional management proved itself […]