Custodial service BitGo in November will begin to support TRX

Custodial service BitGo in November will begin to support TRX

The financial and custodian company BitGo announced that on November 8 its service will begin to support the Tron cryptocurrency (TRX).

In his blog, BitGo emphasized that he worked closely with the Tron project in order to “create the first institutional-level TRX wallet, as well as develop a custodial service that supports multi-signatures.”

“Tron representatives contacted us about our reputation as a company that provides institutional investors with safe solutions that meet regulatory requirements. The multi-signature technology that we started implementing back in 2013 was openly researched and tested by the community. She works with many different tools and we are pleased to announce that we will add this technology to TRX wallets on November 8th. ”

Justin Sun, CEO of the Tron Foundation, also expressed confidence that BitGo’s TRX support will open up new opportunities for coin adoption among institutional investors.

“We are delighted that BitGo will add TRX support. This will allow Tron to continue to develop various decentralized financing applications, and we welcome BitGo as a partner, ”- wrote
Justin Sun on Twitter.

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Recently it was reported that the BitGo service began to provide custodial services for the largest cryptocurrency exchange Bitstamp in Europe.