Ripple buys Swiss crypto custody firm Metaco for $250m

Ripple buys Swiss crypto custody firm Metaco for $250m

FILE PHOTO: A representation of cryptocurrency Ripple is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration

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.