Bitcoin ETF Provider Valkyrie Adds BitGo as Second Custodian in Risk Mitigation Move
The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo’s expertise in addition to Coinbase.
Crypto Custodian BitGo Receives Investment From Iconic Cash Handling Firm Brink’s
Brink’s says it’s excited to continue its growth in the evolving digital asset industry with the BitGo investment.
Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.
The Year of Institutional Investment in Real World Assets
Mike Belshe, the Crypto Custody King at BitGo
BitGo was one of the few crypto companies to raise capital in a depressed market, and even did so at an elevated valuation. That’s one reason why CEO Belshe is one of CoinDesk’s Most Influential of 2023.
Coinbase Is Dominating a Key Bitcoin ETF Service. Can Anyone Else Join the Race?
The race to provide a key bit of infrastructure for bitcoin [BTC] ETFs – custody services – hasn’t actually been much of a race so far. Crypto exchange Coinbase has dominated so far, winning the job from the majority of applications from the likes of BlackRock, WisdomTree and Valkyrie.
More Bitcoin ETF Rejections ‘Quite Likely,’ BitGo’s Belshe Says
BitGo CEO Mike Belshe said it’s “quite likely” the Securities and Exchange Commission (SEC) will reject a series of spot bitcoin ETF applications despite industrywide optimism.
BitGo and Copper Combine Crypto Custody Settlement Networks
The network effect of BitGo’s cold storage settlement system and Copper’s ClearLoop comprises exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp.
US crypto custody firm BitGo wins BaFin license in Germany: Report
BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020.
BitGo Granted German Crypto Custody License by BaFin
BitGo had already been storing crypto assets under the regulator’s supervision since 2019 as part of a transitional regime, the firm said.
Bitcoin Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians
Onramp is harnessing multisig security, in which multiple custodians control the private keys to the bitcoin being held, tapping BitGo to perform this role alongside Coincover and Kingdom Trust.
Investment Manager Methodic Unveils Ether Staking Fund Offering Exposure to ETH Price and Yield
The Methodic CoinDesk ETH Staking Fund offers institutional exposure to spot ETH price and staking yields.
BitGo Buys Crypto Wealth Management Platform HeightZero
HeightZero handles portfolio rebalancing, statement generation, tax loss harvesting and automated billing for crypto clients.
Ferrari to Start Accepting Crypto Payments in U.S: Reuters
Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customers.
BitGo, Swan to Form Bitcoin-Only Trust Company
“It’s important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin,” Cory Klippsten, CEO of Swan, said.
BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank
The Californian company will develop custody services and security solutions, local media reported.
South Korean Hana Bank enters crypto custody business with BitGo
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news.
BitGo raises $100M after losing lawsuit against Galaxy
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said.