BitGo crypto custody service will allow the exchange of assets …

Crypto custody service BitGo will allow the exchange of assets through the Genesis OTC platform

Provider decisions for safe storage cryptocurrencies BitGo on Wednesday announced about the beginning of cooperation with the OTC platform Genesis Global Trading.

By conditions agreements, institutional investors, BitGo clients will be able to exchange their cryptocurrency assets without transferring them to stock exchange. Genesis will take for the execution of orders of BitGo clients and will release their from need to open new accounts. For using the service additional no commission charged will be, clarified BitGo.

“Some asset custodians choose to sacrifice security and provide customers with possibility quick withdrawal funds from cold wallets, of-why their clients become more vulnerable to hacker attacks, misinformation and theft, – stated CEO BitGo Mike Belsh. – Thanks to cooperation with the regulated FINRA and SEC company Genesis we will provide our clients with access to liquidity through reliable network Genesis trading partners. Thus, we solve the real problem associated with access to liquidity – the need for urgent withdrawal of funds simply disappears “.

Institutional clients BitGo will be able to receive information about asset prices in real time, make deals and move related assets, in a cold wallet without interacting with private keys.

As CoinDesk notes, this cooperation will allow traders to carry out transactions with that the same speed, to which they are used to, trading on markets traditional assets.

Because the we ourselves have a BitGo Trust wallet, coins, in fact, are not will be leave the system and only move from BitGo clients to Genesis without having to transfer them to a hot wallet and public blockchains“, – added Belsh.

BitGo crypto custody service will allow the exchange of assets ...