Coinbase Custody acquires Xapo's institutional business, becoming the world's largest crypto custodian

From blog.coinbase.com

Today, we are announcing that Coinbase Custody has completed an acquisition of Xapo’s institutional businesses. This acquisition caps off a tremendous period of growth and innovation for Coinbase Custody. In just over one year since launch, Coinbase Custody has grown to over $7 billion in Assets Under Custody (AUC) stored on behalf of more than 120 clients in 14 different countries, making it the largest, most globally recognized and most trusted institutional custodian in the world. From the start, our goal has been to build the trusted foundation for institutional investment in Bitcoin (BTC) and crypto assets in ... (full story)