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BitGo and Copper have partnered to introduce a new trading model that enables off-exchange settlement on derivatives exchange Deribit. The new solution, the crypto custody firms stated in a press release shared with crypto.news, allows clients to trade spot and…
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Crypto custody firm BitGo has announced the launch of a global over-the-counter crypto trading desk that will feature spot and derivatives trading, among other products. BitGo’s OTC trading desk will provide an environment where institutional investors can trade spot and…
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The Palo Alto-based BitGo wants to go public by the second quarter of 2025, over two years after a failed attempt via a Galaxy Digital acquisition.
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Wrapped Bitcoin by BitGo can now move from Ethereum to Sui via Sui Bridge, expanding BTCfi for the Sui ecosystem. The price of Sui (SUI) surged to $3.37 on Tuesday, Feb. 4, gaining 8.5%, following the news that Sui Bridge…
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Justin Sun fires shots at Coinbase as Trump-affiliated World Liberty Financial picks wBTC over cbBTC
World Liberty Financial’s adoption of wBTC over Coinbase’s cbBTC drew praise from Justin Sun, who accused the exchange of unreliable custody practices. The tension between Coinbase and TRON (TRX) founder Justin Sun is heating up as Sun calls out the…
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Kraken is offering former FTX clients $50,000 in fee-free crypto trading incentives as part of its role in distributing funds following the collapse of the exchange. Cryptocurrency exchange Kraken is sweetening the deal for FTX victims in an effort to…
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FTX
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Users caught in FTX’s 2022 crash will begin receiving bankruptcy distributions, optionally in stablecoins, through Kraken and BitGo.
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Justin Sun-backed BiT Global has sued crypto exchange Coinbase for unfairly delisting WBTC to uplift a competing Bitcoin product.
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BitGo, a leader in institutional digital asset services, has officially launched its first platform tailored to retail investors. The new platform allows individual users access to BitGo’s suite of tools, previously exclusive to institutions. These include secure trading, staking, custody,…
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Crypto custodian BitGo has announced the launch of its Singaporean subsidiary following obtaining a local license from the Monetary Authority of Singapore. On Thursday, Nov. 21, crypto custody firm BitGo announced the launch of a Singapore subsidiary to provide trading…
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BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…
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Crypto custodian BitGo plans to launch a dollar-backed stablecoin next year, offering rewards to liquidity providers. BitGo is set to launch a dollar-backed stablecoin dubbed USDS in January 2025, positioning it as the first “open-participation stablecoin” in the market. In…
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Digital assets custody provider BitGo has unveiled a new solution the platform says will transform the way protocols manage token custody, distribution and liquidation. According to BitGo, the Token Management platform offers an automated process that protocols and organizations can…
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Sky, formerly MakerDAO, is evaluating the removal of Wrapped Bitcoin from SparkLend over concerns about its ties to Justin Sun. Sky is considering removing Wrapped Bitcoin (WBTC) as collateral from its decentralized finance platform SparkLend, citing concerns about the token’s…
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BitGo has selected LayerZero as the digital asset custody provider’s official interoperability provider for the Wrapped Bitcoin token. On Sept. 10, LayerZero (ZRO) announced that BitGo now uses LayerZero’s Omnichain Fungible Token standard for the crypto company’s Wrapped Bitcoin (WBTC).…
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BitGo has secured approval as a custodian under the SIX Exchange Regulation Crypto-Asset Rule, further expanding its presence in the European crypto market. The company can now provide regulated custodial services in compliance with Swiss financial regulations, per a company…
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