RATE Group | Crypto custodian BitGo says Xapo clients are ‘extremely concerned’ about Coinbase deal
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Crypto custodian BitGo says Xapo clients are ‘extremely concerned’ about Coinbase deal

15 Aug Crypto custodian BitGo says Xapo clients are ‘extremely concerned’ about Coinbase deal

Posted at 09:03h in Cryptocurrency News by

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Quick Take

  • Crypto custodian BitGo has said that “extremely concerned” clients of its rival Xapo are approaching it
  • After Grayscale’s recent move, Xapo clients don’t see Coinbase Custody as a “comparable service,” claims BitGo 
  • In response, BitGo is now offering Xapo clients 12-months of no-fee custody service


Cryptocurrency custodian BitGo is eyeing the business looking to rival Coinbase Custody via an ongoing acquisition of Xapo’s institutional business. 

In a blog post on Wednesday, BitGo said that Xapo’s clients are “extremely concerned,” and that they don’t see Coinbase Custody as a “comparable service,” as the exchange moves to acquire Xapo. In response to those concerns, BitGo said it is now offering “qualifying” clients 12-months of no-fee custody service. The offer is valid through the end of September, per the blog post.

As The Block reported…

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