Crypto sector has been waiting for the launch of Bitcoin futures trading platform Bakkt for a long time now. This should happen finally at September 23. Within 48 hours after the big reveal, Bitcoin surged by 10 percent.
Coinbase has announced that they acquired Xapo’s institutional business for $55 million. With this move, Coinbase Custody now has around $7 billion in digital assets under control.
The SEC has delayed its decision for listing VanEck to Oct. 18, while Bitwise’s listing on NYSE Arca will be delayed to Oct. 13. The decision on Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust has been postponed until Sept. 29.
Coinbase Custody will serve as the custodian for Grayscale’s single-asset investment products including digital currencies and publicly listed funds such as Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.
After Coinbase Pro said that it will now support Tezos, XTZ jumped 16.4% within an hour with trading XTZ against Bitcoin and USD expected to start on August 5 once a four-stage rollout is accomplished.
Coinbase Earn announced support for DAI – the first stablecoin added to the exchange’s educational program.
Coinbase Custody announced that they will be supporting Blockchain Capital (BCAP) deposits and withdrawals. Blockchain Capital’s native token BCAP is one of the very first security tokens for which they conducted an STO in April 2017.
Coinbase is in advanced talks to buy custody provider Xapo. The deal will cost around $50 million for the US major cryptocurrency exchange. However, the decision hasn’t been made yet.
Brian Armstrong said in an interview at the Consensus 2019 event that Coinbase Custody now manages over $1 billion in crypto assets with 60% of the Coinbase Pro trading volume coming from institutions.
Coinbase-backed security token startup Securitize has launched a referral network of sorts to help companies issue and manage digital securities through their newly announced “Securitize Ready Program”.