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.
More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC.
1% of Bitcoin’s supply has been locked in the WBTC protocol
Under the acquisition’s terms, BitGo shareholders will get 33.8 million in newly issued shares of Galaxy Digital, in addition to $265 million in cash.
Galaxy Digital to acquire crypto custodian and services provider BitGo
Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.
BitGo receives trust license from New York regulators
BitGo has hired a former Coinbase compliance officer following a $98,000 settlement with the U.S. Treasury.
Former Coinbase compliance exec joins BitGo as new CCO
The settlement repeats the Treasury's message that crypto companies will need to know their customers.
BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba
Digital assets under custody reached a new milestone this month, BitGo says.
BitGo assets hit $16 billion as institutional adoption grows
Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset ...
PayPal rumored to be eying acquisition of crypto custodian BitGo