Mike

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Wrapped Bitcoin

<a href="https://thecoinrise.com/bitgo-floats-token-management-service-for-crypto-foundations/" rel="noopener noreferrer nofollow">BitGo, a renowned digital asset infrastructure provider</a>, has expanded its services beyond institutional clients. The asset provider has recently launched a platform catering directly to retail investors.&nbsp;
This marks the first time the firm, founded in 2013, offers its comprehensive services, which include regulated digital asset trading, staking, lending, wallet management, and self-storage custody, to a global audience of individual investors.&nbsp;
<h2 id="b-bitgo-s-retail-platform-built-on-a-legacy-of-trust-and-security-b">BitGo’s Retail Platform Built on A Legacy of Trust and Security</h2>
BitGo’s reputation in crypto is built on years of providing robust security solutions for large-scale institutional clients. The firm has been entrusted with safeguarding billions of dollars in crypto assets.
It has served as a custodian for major players’ client repayments, including Ark Invest, 21Shares, <a href="https://thecoinrise.com/valkyrie-adds-bitgo-as-custodian-for-its-spot-bitcoin-etf-offering/" rel="noopener noreferrer nofollow">Valkyrie</a>, and the now-defunct Mt. Gox exchange. It is also the custodian for the largest Ethereum-based Wrapped Bitcoin (WBTC) asset.&nbsp;
For years, BitGo’s institutional clients have benefited from its secure custody, seamless trading services, and advanced settlement solutions. For the first time, BitGo has made these services available to the retail market, promising the same high-level security and transparency for individual investors.&nbsp;
This decision aligns with a broader trend in the crypto industry. Infrastructure providers increasingly recognize the rising demand from retail investors for institutional-grade services.
<h2 id="b-bitgo-s-retail-platform-to-bridge-retail-and-institutional-services-b">BitGo’s Retail Platform to Bridge Retail and Institutional Services&nbsp;</h2>
BitGo’s CEO, Mike Belshe, emphasized the importance of security and trust in the launch of the new platform. To incentivize early adoption, U.S. users can register for the chance to win a full Bitcoin, a move designed to attract a large number of participants to the platform.
This move concerns more than just opening up new revenue streams for BitGo. He stated that it also bridges the gap between retail and institutional services. With concerns over crypto platform security, BitGo’s trusted reputation gives it an edge in attracting users seeking reliability.
<h2 id="b-bitgo-s-100m-funding-boost-powers-retail-launch-and-wbtc-strategy-b">BitGo’s $100M Funding Boost Powers Retail Launch and WBTC Strategy</h2>
The launch of the retail platform comes on the heels of <a href="https://thecoinrise.com/bitgo-secures-100m-in-series-c-funding/" rel="noopener noreferrer nofollow">BitGo’s $100 million Series C funding </a>round in 2023. This valued the company at $1.75 billion. This funding is expected to help drive the growth of the new retail platform, making it a formidable player in the space.&nbsp;
However, BitGo’s strategic shifts extend beyond just its new retail offerings. The company has also gained attention for its role in <a href="https://thecoinrise.com/bitgo-wrapped-bitcoin-registers-65-market-dominance/" rel="noopener noreferrer nofollow">wrapping Bitcoin (WBTC) governance</a>. WBTC is a popular tokenized version of Bitcoin on the Ethereum blockchain.&nbsp;
In August, BitGo announced plans to become a minority owner in a joint venture with Hong Kong-based BiT Global to manage WBTC custody. BiT Global is a trust company linked to Tron founder Justin Sun.&nbsp;
The post <a href="https://thecoinrise.com/bitgo-launches-retail-platform-for-crypto-trading-and-staking/" rel="noopener noreferrer nofollow">BitGo Launches Retail Platform for Crypto Trading and Staking</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

BitGo Launches Retail Platform for Crypto Trading and Staking

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