Latest news with #BitGo
Business Wire
3 days ago
- Business
- Business Wire
BitGo Accelerates Institutional Crypto Adoption with Strategic Expansion of Go Network Off-Exchange Settlement
NEW YORK--(BUSINESS WIRE)--BitGo, the leading provider of secure digital asset infrastructure, today announced a significant expansion of its Go Network Off-Exchange Settlement (OES) platform welcoming HTX, KuCoin, and This integration empowers institutional clients to securely access some of the industry's most liquid venues, reinforcing BitGo's leadership in shaping a safer, more mature digital asset market. The integration of HTX, KuCoin, and provides institutional clients with access to a wide spectrum of trading products, including spot, margin, options, and futures, and liquidity without requiring clients to move and hold assets on exchange 1. Assets are safeguarded in regulated cold custody, insured up to $250M, where clients retain complete control and ownership of them. Trades are then settled automatically within BitGo's regulated custody rails with OES partners using Go Network, enhancing operational efficiency by reducing friction and increasing transparency. By decoupling custody from trading, institutional clients now gain stronger safeguards against exchange failures, fraud and hacks. As the industry continues to shift towards risk-mitigated trading solutions, BitGo is actively meeting this demand by providing the secure and compliant infrastructure essential for broad institutional adoption and sustainable growth. The continuous evolution of Go Network underscores BitGo's commitment to building a robust, resilient foundation for institutional engagement in crypto, and positions BitGo at the forefront of driving much-needed structure change. Mike Belshe, CEO of BitGo, said, 'Institutional demand for digital assets is rising across every region, but global adoption won't scale without a secure and interoperable foundation. With Go Network, BitGo is enabling cross-market settlement that's fast, secure, and accessible—giving institutions worldwide the confidence to engage in crypto markets at scale. We're creating infrastructure that not only works for today's institutions, but anticipates tomorrow's regulatory standards.' The Go Network ecosystem has seen consistent growth this year through partnerships with Copper's ClearLoop and Crossover Markets' Electronic Communication Networks, enabling access to Deribit and CROSSx, respectively. BitGo will continue to build on this momentum by expanding its Go Network partners, with the addition of strategic venues to be announced soon, reflecting BitGo's vision for an interconnected, secure, and efficient global digital asset trading environment. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit
Time of India
4 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Ethereum (ETH) Falls Below 2,400 USDT
25 Jun 2025 | 11:55:11 PM IST As of June 25, 2025, Ethereum's price has dipped below 2,400 USDT, currently trading at 2,399.43 USDT, reflecting a 1.34% decline over the past 24 hours. In recent cryptocurrency news, Ethereum has experienced a notable decline, trading at 2,399.43 USDT after a 1.34% drop in 24 hours. Meanwhile, GameStop has raised an impressive $2.7 billion, with plans to invest in Bitcoin as part of its treasury strategy, following a successful $450 million greenshoe exercise. Additionally, the Strategy stock is poised for a potential 52% breakout, driven by rising Bitcoin ETF demand and bullish market sentiment. BitGo has reported a surge in managed crypto assets, now totaling $100 billion, attributed to global cryptocurrency adoption and regulatory clarity. Lastly, Bitdeer has raised $330 million through a convertible note sale, aiming to enhance its datacenter capabilities and ASIC development. These developments highlight the dynamic nature of the cryptocurrency market as companies adapt to evolving trends and investor interests. Show more
Business Wire
4 days ago
- Business
- Business Wire
BitGo Partners with Reown to Launch WalletConnect Integration to Deliver Seamless Institutional Access to DeFi
NEW YORK--(BUSINESS WIRE)--BitGo, the leading infrastructure provider of digital asset solutions, today announced the launch of its WalletConnect integration powered by Reown's WalletKit SDK, enabling institutions to securely access decentralized applications (dApps) and the broader DeFi ecosystem directly from BitGo's self-custody hot wallets 1. The integration enables direct access to DeFi, DAO governance, and trading protocols through a single, secure interface. It brings together BitGo's enterprise-grade security controls with Reown's fast, scalable connectivity layer. WalletConnect has powered over 300 million connections and 45 million users worldwide have trusted WalletConnect to power their onchain experience. 'Institutions have long been gated from participating in DeFi due to security, compliance, and infrastructure gaps,' said Chen Feng, CRO at BitGo. 'By integrating WalletKit, we're unlocking secure access to DeFi and beyond—staking, governance, liquidity protocols—all from BitGo's trusted wallet environment.' What You Can Do—All Directly From Your BitGo Self-Custody Wallet: Supply or borrow assets via leading DeFi protocols Vote in governance proposals across supported DAOs Access perpetual trading Swap tokens on AMMs like Uniswap These capabilities allow institutional clients to deploy capital, participate in protocol operations, and execute onchain strategies—all without leaving BitGo's custody framework. 'Institutions need more than access, they need control, clarity, and confidence when interacting with onchain protocols,' said Jess Houlgrave, CEO at Reown. 'This integration brings exactly that. WalletKit enables BitGo clients to connect directly to DeFi with built-in security and the experience users expect. It's a huge step toward making onchain finance usable at scale.' Why It Matters: No asset movement required: Interact with DeFi protocols while keeping assets in your self-custody BitGo wallet Maintain enterprise-grade security: All transactions are governed by BitGo's policy engine and access controls Streamlined experience: Secure, fast, and intuitive access to dApps through WalletConnect—without the need for custom integrations The integration is now live across BitGo's self-custody hot wallets and supports major EVM-compatible networks including Arbitrum, BNB Chain, Berachain, CoreDAO, Ethereum, Optimism, Polygon. Institutions can now interact with the decentralized economy directly from BitGo without compromising on compliance, security, or operational efficiency. Qualified custody wallet support is planned for rollout in the near future, enabling an even broader range of institutions to engage with DeFi under the most stringent regulatory frameworks. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About Reown Reown is the onchain UX platform and builder of the WalletConnect Network. Its products, AppKit and WalletKit, are designed for individuals and organizations building onchain products. Reown focuses on combining innovation with reliability and ease of use to enable builders to incorporate onchain features into their products, bringing the opportunities of the new internet to their communities.
Yahoo
5 days ago
- Business
- Yahoo
Crypto Firm BitGo's Assets in Custody Jump to Top $100 Billion
(Bloomberg) -- Crypto custody firm BitGo Inc. has seen its assets under custody soar from $60 billion to $100 billion in the first half of 2025, Abel Seow, managing director for Asia-Pacific at the firm said in an interview. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US Renters Face Storm of Rising Costs US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Commuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags The jump is driven by rising crypto adoption flowing from greater regulatory clarity globally, Seow said. Of the total assets looked after by the firm, half are tied to staking — a process that involves investors pledging cryptocurrencies to help validate transactions on blockchains, which in turn helps them earn more tokens. Founded in 2013, BitGo is one of the largest US-based crypto custodians. The company also lets clients trade, borrow and lend digital assets. It raised $100 million in 2023 at a $1.75 billion valuation. Past backers of the firm include Goldman Sachs Group Inc., DRW Holdings, Redpoint Ventures and Valor Equity Partners, according to an April 2024 statement. BitGo is considering an initial public offering as soon as the second half of this year, Bloomberg News reported previously. An IPO would see BitGo joining a number of crypto companies planning to go public after US President Donald Trump embraced the sector. Trump has appointed friendly regulators, pushed dedicated stablecoin legislation and launched his own crypto ventures since returning to the White House. Bitgo has been expanding overseas in the past year. South Korean firms Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea in Sept. 2024. Seow said the joint venture has been 'progressing well,' adding that the company also went live in Dubai earlier in 2025. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Crypto Firm BitGo's Assets in Custody Jump to Top $100 Billion
(Bloomberg) -- Crypto custody firm BitGo Inc. has seen its assets under custody soar from $60 billion to $100 billion in the first half of 2025, Abel Seow, managing director for Asia-Pacific at the firm said in an interview. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice US Renters Face Storm of Rising Costs US State Budget Wounds Intensify From Trump, DOGE Policy Shifts Commuters Are Caught in Johannesburg's Taxi Feuds as Transit Lags The jump is driven by rising crypto adoption flowing from greater regulatory clarity globally, Seow said. Of the total assets looked after by the firm, half are tied to staking — a process that involves investors pledging cryptocurrencies to help validate transactions on blockchains, which in turn helps them earn more tokens. Founded in 2013, BitGo is one of the largest US-based crypto custodians. The company also lets clients trade, borrow and lend digital assets. It raised $100 million in 2023 at a $1.75 billion valuation. Past backers of the firm include Goldman Sachs Group Inc., DRW Holdings, Redpoint Ventures and Valor Equity Partners, according to an April 2024 statement. BitGo is considering an initial public offering as soon as the second half of this year, Bloomberg News reported previously. An IPO would see BitGo joining a number of crypto companies planning to go public after US President Donald Trump embraced the sector. Trump has appointed friendly regulators, pushed dedicated stablecoin legislation and launched his own crypto ventures since returning to the White House. Bitgo has been expanding overseas in the past year. South Korean firms Hana Financial Group and SK Telecom Co. acquired shares in BitGo Korea in Sept. 2024. Seow said the joint venture has been 'progressing well,' adding that the company also went live in Dubai earlier in 2025. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Sign in to access your portfolio
