Crypto custody firm Copper has received acquisition offers of around $200 million from two to three potential buyers. The bids fall short of the roughly $500 million asking price Cantor Fitzgerald presented in May. The gap highlights the ongoing challenges in the digital asset sector, where investor sentiment remains cautious after a prolonged bear market. The London-based company, founded in 2018, provides institutional-grade custody and settlement solutions for digital assets and is pursuing a formal sale process managed by Cantor Fitzgerald. The bids reflect a broader trend of consolidation in the crypto industry where many companies are facing down rounds or distressed sales as valuations have dropped significantly.