August 16, 2019

Coinbase Custody acquires Xapo’s institutional business

Coinbase Custody becomes the world’s largest crypto custodian

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, their goal has been to build the trusted foundation for institutional investment in Bitcoin (BTC) and crypto assets in general.

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