Share this article
BitGo Unveils Retail Crypto Custody Platform
BitGo said the retail offering provides the same institutional-grade security guarantees under the hood that the firm’s existing customers are familiar with.
Dec 2, 2024, 3:14 p.m. 1 min read
What to know:
- Users can set up a fully custodial service with a self-custody wallet alongside and move funds seamlessly between the two.
- U.S. customers who sign up for the service will be entered into a prize draw to win a full bitcoin.
BitGo, a cryptocurrency custodian that has been meeting companies' safekeeping needs since 2013, said it is introducing a dedicated retail platform for everyday crypto investors.
The retail custody offering is live for all global investors and provides the same institutional-grade security guarantees under the hood that the firm’s existing customers are familiar with, CEO Mike Belshe said in an interview.
In fact, the very first incarnation of BitGo was kind of a retail-ish website, he said.
“What we quickly found back then was building a business around security turned out to be kind of the bigger play for us,” Belshe said. “I've always said we have a date with retail at some point in the future and it's just going to kind of depend on when that is, and it's now.
In terms of custodial and non-custodial wallets, or hot and cold storage, the new product is “whatever you want it to be,” Belshe said.
“We've had self-custody wallets forever. With the BitGo retail product, you can create a fully custodial wallet and right side-by-side with it inside the user interface, you can also create a self-custody wallet, and you can move funds seamlessly between the two.”
U.S. customers who sign up for the service will be entered into a prize draw to win a full bitcoin, BitGo said in a press release.
Más para ti
Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later.
Lo que debes saber:
- Timothy Massad, a former CFTC chairman, said a U.S. central bank digital currency or government-backed stablecoin is ultimately inevitable despite President Donald Trump’s strong public opposition.
- Massad said U.S. officials are quietly exploring CBDC-style infrastructure, including through participation in the Bank for International Settlements’ Project Agora, even as Washington maintains...
Top Stories
