BitGo is a blockchain company that was founded in 2013 by Mike Belshe and Ben Davenport and the main office is currently headquartered in Palo Alto, California. The main goal of the company is the BitGo digital wallet that was initially an online storage only for Bitcoin though the system now supports almost all of the popular altcoins. This web wallet can be connected to any device and the mobile version of the BitGo app allows users to keep the key for it on the gadget. There are two versions of the platform, such as for private and business use and the main difference between them that the second one has access to the large, verified cryptocurrency trading platforms. Besides cryptocurrency online storage, the BitGo wallet offers special tools for keeping digital money and other kinds of assets offline.
The acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
Galaxy Digital delays BitGo acquisition to later on in 2022
The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
Avalanche eyes 60% rally as AVAX price breaks out of bull flag
After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022.
Novogratz’s crypto firm Galaxy Digital delays US stock listing to 2022
Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX tokens.
BitGo integrates Stacks, bringing Bitcoin DeFi to institutions
The rise of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether and decentralized finance.
MetaMask pushes institutional offering with BitGo integration
Arianna Simpson has been a general partner at 16z for more than a year as the venture capital firm has led several high-profile raises for crypto and blockchain...
Former BitGo employee will help deploy Andreessen Horowitz's $2.2B crypto fund
Crypto debit cards continue to catch on as an Australian digital assets startup gets approval from Visa to release a spending card down under.
Visa to approve Bitcoin spending card for Australian startup CryptoSpend