• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • HODL, Dubai (October 30-31, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • Fintech Revolution Summit, Saudi Arabia (November 3, 2025)
    • Mining Disrupt, Dallas (November 11-13, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
    • TRUSTECH , Paris (December 2-4, 2025)
    • Digital Assets Forum, London (February 5-6, 2026)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
Visit European Blockchain Convention, Barcelona on October 16-17, 2025
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Crypto news in brief (May 19, 2019): USDC, Huobi, Coinbase, Xapo

May 19, 2019 By Crypto Reporter

– Circle has released the latest third-party attestation report on USD reserves
– Huobi has launched over-the-counter (OTC) service Huobi OTC Desk for high volume institutional clients
– Coinbase is negotiating the acquisition of bitcoin custody provider Xapo

Goldman Sachs-backed startup Circle has released the latest third-party attestation report on USD reserves backing issued USDC tokens.

The report states that as of April 30, 2019, the company issued 293,184,174 USDC tokens and had $293,351,374 in custody accounts.

***

Crypto exchange Huobi has launched over-the-counter (OTC) service Huobi OTC Desk for high volume institutional clients. The service supports both crypto-to-crypto and fiat-to-crypto transactions, including those made in USD, GBP, and EUR for BTC, ETH, and other cryptocurrencies.

Huobi OTC Desk is provided under Gibraltar’s Distributed Ledger Technology (DLT) regulatory framework.

***

According to The Block sources, the major US crypto exchange Coinbase is negotiating the acquisition of bitcoin custody provider Xapo.

“Xapo’s core product is cold storage vault custody of bitcoin, with rumors that the company holds as much as $5.5 billion of assets under custody (AUC) at the current BTC price near $8,000, reflecting ~700K bitcoin under custody. Xapo custodies 226,000 BTC that are part of Grayscale Bitcoin Trust,” reports The Block. “Under Xapo’s current business model, customers are not charged for storing their bitcoin. Rather, they generate revenue by enabling over-the-counter (OTC) trades for customers using the bitcoin under custody.”

Filed Under: General News, News Tagged With: Circle, Coinbase, cryptocurrency, Huobi, news, news in brief, USDC, Xapo

Primary Sidebar

Follow Us

Press Releases

Best Crypto To Buy Now: Can EcoYield Outperform BlockchainFX, Bitcoin Hyper, and BDAG?

October 15, 2025

Inside Nexchain Presale: Recent Updates, Airdrop Rewards, Roadmap & Upcoming Developments

October 15, 2025

Best Crypto Presale 2025: Nexchain Prepares for Testnet 2.0 With 100% Bonus Offer

October 15, 2025

Solana and Arbitrum Price Climbs — Snorter Token Emerges as a Fresh Contender in the Race for Best Altcoins

October 15, 2025

Best Crypto to Buy in 2025: Mutuum Finance (MUTM) Could Overtake Cardano (ADA) Soon

October 15, 2025

HODL

Futurist Conference

TRUSTECH

Digital Asset Forum

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter