The largest American cryptocurrency company Coinbase is going to purchase one of the oldest Bitcoin startup – Xapo, investment resource has found out.
It’s informed that the parties are negotiating at the current moment; sum of the deal can make about $50 mln.
What is more, Coinbase is not a single company, that desires to buy Xapo. According to resources, the Swiss company is also interesting for Fidelity Investments – one of the largest global player in asset management field. Recently, Fidelity has run its own cryptocurrency platform in limited mode.
Xapo was one of the first startups, offering the society easy and convenient bitcoin wallets. The company is also known for its secret cryptocurrency storage. Some data say that on Xapo servers, located at the specially equipped bunker, store about 7% of all today existing Bitcoins.
In early 2019, the company decided to move most of its units from Hong Kong to Swiss Zug.