Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody Business

Coinspeaker Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody BusinessCoinbase, major cryptocurrency exchange in the USA, is currently negotiating to acquire crypto custody firm Xapo for about $50 million in a bid to boost their custody business.The Block reports, Coinbase has a strong competitor in the face of Fidelity’s crypto wing – Fidelity Digital Assets. The companies “have been locked in a neck-and-neck race” for a few weeks, but Coinbase got the upper hand. If nothing unexpected occurs and the talks go like planned, San Francisco-based company is going

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