Thursday, January 20, 2022
Home Crypto News Market BitGo Leader In Digital Asset Financial Services With $64B In Assets Under...

BitGo Leader In Digital Asset Financial Services With $64B In Assets Under Custody Added Support For Avalanche (AVAX)

- Advertisement -

Avalanche (AVAX) is now available to Bitgo Global Clients.



It’s supposed to be a game-changing move for Avalanche as BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions with over $64B in assets under custody. Moreover, BitGo processes approximately 20% of all global Bitcoin transactions and supports over 400 coins and tokens.

Later, BitGo, the leader in digital asset financial services, confirmed the news via responding to AVAX tweet.

 

Mike Belshe, CEO of BitGo said:

“BitGo is excited to provide our institutional client’s access and safe custody to Avalanche as we see the strong demand for a more efficient DeFi ecosystem, Institutional custody is not the same as retail custody and BitGo wallets and custody were designed from the ground up to meet the needs of institutional investors, and BitGo is the only independent qualified custodian focused on building the right market structure and facilities to enable institutions to enter the digital asset space with confidence.”

 

John Wu, President of Ava Labs said:

“BitGo has a demonstrated track record of being a vital partner for institutions and their clients to not only securely hold digital assets, but have the confidence to become significant participants in the blockchain ecosystem, As institutional and enterprise interest in Avalanche continues to accelerate, BitGo will play a vital role in expanding access to this segment and supporting the community of builders on the platform.”

The adoption of AVAX is picking up momentum. On Dec. 14, Circle launched support for its native coin USD Coin (USDC) on Avalanche.

DeFi Kingdoms, the NFT-driven GameFi player challenging Axie Infinity, is preparing to launch on Avalanche soon.

- Advertisement -
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Central Bank Of Russia Proposes A Ban On Cryptocurrency Use And Mining

The Central Bank of Russia (CBR) issued a consultation paper on Thursday entitled 'Cryptocurrencies: Trends, Risks, and Regulation', whose primary focus is to influence...

Fox Business Journalist Says SEC legal Team Declared Ripple (XRP) Non-Security In 2018 So What Changed In 2 years?

Eleanor Terrett, a Fox Business journalist, recently questioned the ongoing lawsuit between the SEC and Ripple. window.coinzilla_display...

Michael Saylor Reaffirmed After BTC Drop From $69K to $40K That Neither He Nor His Company Will Sell A Single Satoshi

Michael Saylor, again affirmed that neither he nor his company is going to sell their bitcoin holdings. ...

After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.

Shiba Inu Leading Developer Share His Thoughts On Microsoft-Activision Acquisition, Can Shib Get Something From This Deal?

Shiba Inu cryptocurrency holders woke up and smelled roses, and it's all thanks to Microsoft as the company prepares its new acquisition of Activision.

Shiba Inu Takes 3rd Spot Beating Ethereum In Top 10 Most Viewed Coins In Europe

Coin market cap (CMC) has just released its “Top 10 Most Viewed Crypto Coins” list for Europe. The list is released by CMC based...

Another Memecoin Trending On Twitter With 690T Supply

Twitter has become one of the main discussion points about cryptocurrencies. Recently, a cryptocurrency has been trending, looking like a bizarre project, the Shibnobi...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.