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Sign In. Privacy Policy. Email address: Column Proof of Work: Regulated U. According to sources, Coinbase and Fidelity Digital Assets have been locked in a neck-and-neck race for the prized asset for the past few weeks, with Coinbase ultimately prevailing. Twitter Facebook LinkedIn Link bitcoin breaking companies cryptocurrency custody exchange exchanges fidelity news
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The addition of several billion of AUC would be a huge shot in the arm for Coinbase. Join The Block Genesis Now. May 16, , 2: Close Menu Sign up for our newsletter to start getting your news fix. Jessop has a background in traditional finance and has made forays into the world of Blockchain startups. Regulated U. Sign In. The Team Careers About. However, sources say Coinbase beat Fidelity to the sale, making a move that likely indicates the crypto giant is looking to aggressively diversify its revenue to be less prone to the cyclical nature of cryptocurrency trading. Twitter Facebook LinkedIn Link. Load More. Close Menu Search Search. Rather, they generate revenue by enabling over-the-counter OTC trades for customers using the bitcoin under custody. Coinbase faced severe criticism for that acquisition due to its leadership being nearly identical to that of Hacking Team, which had reportedly been involved in human rights abuses. Email address: Slow and Steady View Article. The acquisition will sit alongside other recent deals for Coinbase. The company has acquired 14 companies since its founding, with many in the past year including Earn , which it has since re-modeled to Coinbase Earn, and controversial blockchain analysis startup Neutrino. Twitter Facebook LinkedIn Link bitcoin breaking companies cryptocurrency custody exchange exchanges fidelity news coinbase coinbase-custody cold-storage vault wences-cesares xapo. Column Proof of Work:
