Ripple to buy Swiss crypto custody provider Metaco for $250M

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Ripple to buy Swiss crypto custody provider Metaco for $250M
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U.S. crypto firm Ripple has bought Switzerland-based crypto custody firm Metaco for $250 million, in its first major acquisition, Ripple said on Wednesday.

FOX Business senior correspondent Charlie Gasparino and lawyer John Deaton weigh in on the Security and Exchange Commission's lawsuit against cryptocurrency company Ripple on 'The Claman Countdown.'firm Ripple announced Wednesday that it is buying crypto custody firm Metaco for $250 million.

Brad Garlinghouse, chief executive officer of Ripple Labs Inc., attends a panel discussion at the Singapore FinTech Festival. Photographer: Wei Leng Tay/Bloomberg via Getty Images

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