Coinbase Custody Acquires Institutional Businesses of Xapo
Summary
Coinbase is committed to serving a wide spectrum of institutional clients including hedge funds, family offices, endowments and proprietary trading desks as they decide to onboard crypto. Its institutional range of products provides a compliant ecosystem for clients to trade, store and interact with their crypto. The suite combines access to a large pool of regulated, verified crypto liquidity through Coinbase Pro with high performance APIs and a coverage team. Paired with access to global OTC trading desk and Coinbase Custody’s secure and insured storage platform, Coinbase aims to deliver security and performance needed by investors to trade with confidence. Founded in 2014, Xapo is a New York DFS-regulated entity (NY Bitlicense holder) and a Gibraltar-licensed E-money institution, that offers a multi-currency digital wallet and card that operates in the global market.