Coinbase is reportedly negotiating the acquisition of the bitcoin custody business of wallet provider Xapo for $50 million in cash. American major exchange Coinbase is reportedly negotiating the acquisition of the bitcoin () custody business of cryptocurrency wallet provider Xapo, technology-focused media outlet the Block reported on May 16.Sources familiar with the matter reportedly told the Block that Coinbase has been vying with the digital currency wing of United States financial services giant Fidelity, Fidelity Digital Assets, for Xapo over the past several weeks to advance its custody business.Following the closure of the deal, Coinbase will reportedly pay…
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Report: Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business


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