BitGo announced plans to enter the retail cryptocurrency market, offering new trading and custody solutions.
BitGo's New Market Move
According to a December 2 announcement, BitGo is launching a global version of its digital assets solutions aimed at retail investors. The company offers trading, staking, and wallet services, as well as regulated custody.
Partnerships and Collaborations
BitGo is partnering with several banks and institutions to integrate crypto trading and settlement. However, details about the countries and currencies involved have not been disclosed.
Financial Milestones and New Developments
In August 2023, BitGo's valuation reached $1.75 billion after closing a $100 million Series C funding round. The company also announced its plans to enter the stablecoin market and create a platform for managing Web3 protocol native tokens.
BitGo's expansion into the retail market enhances access to secure custody services and fosters the growth of the cryptocurrency industry.
