Custodian BitGo opens cryptocurrency trading opportunity for customers



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Custodian BitGo opens cryptocurrency trading opportunity for customers

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One of the largest suppliers of custodial services BitGo has provided users with the opportunity to trade cryptocurrencies directly from their accounts without the need for third-party services, The Block reports.

The solution was implemented in collaboration with SettleBit, which provided the infrastructure for digital asset trading. BitGo customers can complete transactions through the custodian settlement API.

The new feature provides users with the ability to instantly receive price offers and make settlements in real time as soon as their funds are verified. Throughout the process, digital assets remain in cold storage.

“We know that many of our customers want to be able to trade without withdrawing their assets from the cold storage. SettleBit created a simple and elegant solution using our billing API, ”said Nick Carmi, Head of Financial Services at BitGo.

The platform supports the two largest cryptocurrencies, Bitcoin and Ethereum, as well as the US dollar. In the near future, the company intends to add several more tokens and stablecoins to it.

The first deal with bitcoins in the amount of $ 100 thousand through the new BitGo solution has already taken place on January 22.

Earlier, BitGo CEO Mike Belsh said that the company processes more than 20% of all transactions in the Bitcoin network.

Custodian BitGo opens cryptocurrency trading opportunity for customers



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