Institutions Clamor For Bitcoin: Crypto Giant Coinbase May Acquire Xapo

In an impeccable sign of the times, sources tell The Block that Coinbase may soon acquire Xapo, one of the first and most well-regarded Bitcoin custodians. This news has been divulged as data indicates that institutions are looking to siphon capital into the crypto asset space, thereby making custodians a necessity.
Related Reading: Prominent Analyst: Trouble for Bitcoin if Price Corrects Below $7,500
Coinbase & Fidelity Duke It Out Over Xapo
Reported by The Block on Thursday morning, the San Francisco-based cryptocurrency giant Coinbase is “in advanced talks” to purchase Xapo, a Zurich-headquartered

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