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.
Coinbase will be offering its block trading facility on its professional trading platform GDAX which will allow institutional investors to trade digital currencies in bulk.
Given the explosion of the cryptosphere, Coinbase’s valuations have soared by 500% during the last eight months.
Coinbase has said that the team of Earn.com will be completely integrated into Coinbase’s operations while its existing business will continue.
With a view to add new directions of operations and expand its services, Coinbase may acquire a crypto social network and two-sided marketplace Earn.com.