BitGo Partners with Genesis

BitGo, a provider of cryptocurrency financial services, has partnered with Genesis Global Trading, an OTC digital currency trading firm, to provide clients with the ability to trade digital assets directly from BitGo custody.

Through this partnership, client firms will be able to maintain assets in custody with BitGo Trust Company, a qualified custodian purpose-built for digital assets, while being able to get online, real-time pricing for buy and sell orders.

Clients firms will also be able to execute transactions from cold storage without having to manage keys and can access Genesis’ liquidity through a network of trading partners with same day settlement directly through a BitGo Trust account.

“Some custodians are choosing to sacrifice security and safety by enabling fast withdrawals from cold storage, which makes their clients more susceptible to hacking, false instructions, and theft,” says Mike Belshe, CEO of BitGo. “Our partnership with Genesis, a FINRA and SEC regulated company, gives our clients access to liquidity through Genesis’ robust network of trading partners. And that solves the real problem, which is the need to access liquidity not the need to speed up withdrawals.”

BitGo has been a terrific, long-term partner to Genesis and we have a lot of confidence in their institutional offerings,” says Michael Moro, CEO of Genesis. “We are an industry leader in digital currency trading and lending, and providing liquidity for companies like BitGo is an important part of our value proposition.”

 

Galen Stops

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