Saturday, 14 December 2019

Bitstamp seeks custodial services for crypto assets at BitGo

Bitstamp in a press release on October 9 said that it was going to transfer all the digital assets under its management for safekeeping with BitGo. The transfer of the assets will commence on October 10. The chief technical officer of Bitstamp David Osojnik said:

“BitGo has been one of our most trusted partners for many years and this is a natural extension of our relationship. Their exclusive focus on institutional services has allowed them to develop the tech and processes necessary for running a robust and compliant cryptocurrency exchange.”

- Bitstamp to secure assets under its management in BitGo’s cold storage facilities.
- BitGo has a $100 million insurance policy put in place to guarantee the safety and promote trust.

Bitstamp assured the investors that the safety of their assets is guaranteed at BitGo’s cold storage which features bank-grade vaults. Moreover, they will fall under BitGo’s $100 million insurance policy.


source: fxstreet.com
Legal disclaimer: The insight, recommendations and analysis presented here are based on corporate filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. They are presented for the purposes of general information only, and all the information belongs to the original publishers. These may contain errors and we make no promises as to the accuracy or usefulness of the information we present. You should not make any investment decision based solely on what you read here.

Creamcoin Marketcap