BitGo’s custody service allows users to cover up to $100 million worth of their digital assets. Bitstamp, one of Europe’s largest crypto exchanges by trading volume, has <a href="https://www.bitstamp.net/article/bitgo-provide-custody-our-crypto-assets/?utm_source=tw&amp;utm_medium=post&amp;utm_campaign=bitgo">tapped Blockchain security</a> firm BitGo as custody provider to help secure their digital assets.

Moreover, working with BitGo, Bitstamp users will have access to a qualified custodianship that carries $100 million in insurance. BitGo’s patent wallet technology has attracted massive institutional players. This is due to its ability to offer enterprise-grade custody services for their digital assets; as well as application programming interface access to its underlying security platform.

In addition, BitGo’s <a href="https://www.cryptoknowmics.com/crypto/coinbase-buys-xapo-institutional-custody-business-for-55-million/">custody</a> service allows its customers to cover up to $100 million worth of their digital assets. BitGo obtained its insurance coverage from the prestigious and massive Lloyd’s of London. The firm is among the oldest insurance agencies in the world, with centuries of experience in this industry.

In addition, BitGo was initially founded in 2013 originally operated as a Bitcoin wallet provider. However, the firm expanded to other cryptocurrencies and currently supports multiple Altcoins including Ethereum, Ripple, Litecoin, Bitcoin Cash, Bitcoin Gold, and Royal Mint Gold.

Additionally, last year BitGo raised $15 million in new funding. The funding was led by Goldman Sachs and Galaxy Digital Ventures LLC, the venture capital firm founded by the billionaire Mike Novogratz.

<strong><em>“BitGo has been one of our most trusted partners for many years and this is a natural extension of our relationship,”</em></strong> said David Osojnik, Bitstamp CTO.
<h2>In Conclusion</h2>
According to a Bitstamp representative:

<em><strong>“We considered all available options, but believe BitGo is a good match; because we see them as a pioneer in the industry and an essential piece of the crypto ecosystem. That said, we plan on diversifying our custody options in the future in order to serve the different needs of our diverse customer base.”</strong></em>

Bitstamp Secures BitGo’s Custody Services to Secure Digital Assets

BitGo’s custody service allows users to cover up to $100 million worth of their digital assets. Bitstamp, one of Europe’s largest crypto exchanges by...%

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Bitstamp Secures BitGo’s Custody Services to Secure Digital Assets

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