Informed: Coinbase acquires Xapo hosting business for $55 million

According to Fortune, cryptocurrency company Coinbase has acquired Xapo hosting business. The acquisition is part of Coinbase's active push to expand its hosting services. According to people familiar with the matter, Coinbase paid $55 million for Xapo, and Xapo will continue to have a vault and use it on behalf of its retail customers to store bitcoin.