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