Cryptocurrency market giant Ripple‘s Switzerland-based crypto custody firm Metaco is making a notable move recently. Metaco has announced the integration of its operations with another significant player in crypto asset custody, London-based BCB Group, on its flagship platform.
A Noteworthy Move in the Crypto Sector
According to the announcement by the two companies, London-based BCB Group now prefers Metaco’s custody platform, ending its need for a third-party crypto asset technology provider.
This merger will particularly allow the payment company BCB Group to consolidate its crypto asset operations into a single platform, enhancing the security and management of its services.
Contributing to the Global Financial Ecosystem
Oliver Tonkin, founding partner and CEO of BCB Group, stated, “We are contributing to the strengthening of new global financial ecosystems by connecting the global crypto industry.” Tonkin emphasized that their collaboration with Ripple, Metaco, and IBM Cloud is a significant step that allows BCB Group to continue providing high-level services to the crypto asset ecosystem smoothly, securely, and affordably.
Last year in May, Ripple acquired Metaco for $250 million. However, it is known that the CEO and the chief product officer of the Swiss company left the firm recently.
BCB Group Serves Major Exchanges
BCB Group provides payment and trading services to some of the world’s largest crypto institutions, including major names like Bitstamp, Crypto.com, Galaxy Digital (GLXY), Gemini, and Kraken. This alliance demonstrates that developments and integrations in the cryptocurrency industry continue unabated.
Both Metaco and BCB Group are expected to set new standards in crypto custody and payment with this merger. All eyes are on the innovations this powerful alliance will bring to the industry. It is worth noting that this development has not yet reflected in the long-awaited XRP price for investors in the cryptocurrency world. The XRP price was at $0.61 while writing this article, with a 1% increase in the last 24 hours.
