Share this article
BitGo Joins Dogecoin Frenzy as Crypto Custody Firm Rolls Out a Wrapped Version
The announcement comes as DOGE surged 102% in October.
Updated May 9, 2023, 4:01 a.m. Published Nov 2, 2022, 1:00 p.m.
BitGo will be introducing wrapped dogecoin (wDOGE) to the Ethereum blockchain through a partnership with wDogeDAO, the crypto custody firm said Wednesday.
Wrapping dogecoin will mean that holders will be able to use their wDOGE tokens for decentralized applications (dapps) in the Ethereum ecosystem. All wDOGE is backed by a DOGE token, at a 1:1 ratio.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In addition, BitGo will provide hot wallets, qualified custody and self-managed custody for both DOGE and wDOGE by the end of the month.
Read more: Dogecoin Led the Pack Among Cryptocurrencies in October With 17 Times Bitcoin's Gains
The announcement comes after DOGE’s price rose 102% during October. Analysts attribute the big jump to the excitement behind the takeover of Twitter by Elon Musk, who has been a major booster of the popular meme coin.
DOGE is the sixth-largest cryptocurrency, with a market capitalization of about $19 billion, according to CoinDesk’s crypto price index.
BitGo Vice President of Product Nuri Chang told CoinDesk that dogecoin “holders, both large and small, are some of the most active in the crypto community.”
“The wDOGE bridge enables that activity to spread to Ethereum and the [Decentralized Finance] ecosystem,” Chang said.
Read more: Dogecoin Futures Rack Up Nearly $90M in Liquidations Over Weekend in Unusual Move
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
Top Stories
