The specialist in the preservation of cryptocurrencies, BitGo, announced to expand its international activities with two new entities based in Swiss and in Germany.
To provide regulated custody services for cryptocurrencies in Europe, the American BitGo has created two new subsidiaries in Switzerland and Germany: BitGo GmbH, supervised by FINMA and BitGo Deutschland, which will apply for regulatory approval in 2020.
With these two new companies in Switzerland and Germany, BitGo will provide comprehensive support and service to help customers in their language and time zone in a variety of ways, including determining the jurisdiction that best fits the customer's needs, ”commented Mike Belshe, CEO of BitGo, by email with Cryptonaute.
Founded in 2013 in California, BitGo offers institutional investors security, custody and liquidity solutions for digital assets.
Support by Digital Currency Group, Galaxy Digital or Goldman sachs, the firm prides itself on processing more than 20% of all Bitcoin transactions and serving the largest crypto-exchanges on the planet.
We will continue to look for growth opportunities in Europe and around the world, ”added Belshe.
Since last year, BitGo offers to insure its customers' cryptocurrencies against flights through the famous British insurer Lloyd’s of London.
Most recently, the company launched BitGo Staking, a service for generating passive income by depositing Dash and Algorand.
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