INX Limited, a crypto exchange startup is in plans to raise $129,5 million through an IPO. And it has already reportedly filed a draft F-1 with the SEC.
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.
Both the European and Asia branches of Fidelity International are exploring the perception of customers towards cryptocurrencies via a newly launched trading simulator specifically designed for digital assets.
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.
A Fidelity spokesperson said that the crypto trading service will initially focus on Bitcoin allowing only institutional players to participate.
The results of the survey conducted by Fidelity Investments indicate that opinions about cryptos are changing for the better, as nearly half of the respondents see digital currencies as ‘innovative technology’.
As Bitcoin (BTC) is clinging on to its $4,000 price tag, major crypto figures are betting big on a potential bull run. However, it doesn’t necessarily mean that cryptocurrency investors should get too carried away by the recent price uptick.
Over the weekend, Bitcoin has moved past its crucial resistance of $4000 showing up signs of recovery after a long phase of consolidation.
Fidelity will be leveraging its huge expertise and technology in launching the cryptocurrency institutional-grade products and custody solutions.