Coinbase, Exchanges

Is Xapo Owned by Coinbase?

Xapo is a Switzerland-based company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card. Xapo was founded in 2013 by Wences Casares, Federico Murrone, and Pablo Farias.

There has been much speculation as to whether or not Xapo is owned by Coinbase. While Coinbase has not confirmed or denied any ownership of Xapo, there are several indicators that suggest the two companies may be linked.

For one, Coinbase CEO Brian Armstrong is an investor in Xapo. In addition, Armstrong has praised Xapo in the past, calling it “one of the most trusted companies” in the bitcoin space.

Another indicator that Coinbase may own Xapo is the fact that the two companies share several key employees. For example, former Coinbase CTO Balaji Srinivasan is now an advisor to Xapo.

In addition, former Coinbase engineer Mike Lempres is now the Chief Policy Officer at Xapo.

While there is no concrete evidence that Coinbase owns Xapo, the evidence does suggest that the two companies are closely linked. This could be due to investment or simply due to shared values and a desire to work together to grow the bitcoin ecosystem.

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