BitGo Surpasses $16 Billion Under Management
BitGo was one of the first investing firms that opened the crypto world to institutional investors, backed from investors like Goldman Sachs and Valor Equity Partners. The offered services from BitGo are the investment offering in cryptocurrencies for custody, lending and trading.
The company claims that it handles the 20 % in Bitcoin transactions while it supports over 300 cryptocurrencies. A few months ago, the company was in the headlines as there were rumors about its acquisition from PayPal, which didn’t came true.
The Bitcoin’s surge seems to derive from increasing demand from institutional investors and its interest that derived from its deflationary nature, in a financial world where every Central bank decides to print more and more money.