BitGo Starts Bitcoin Lending Service

BitGo, the company which claims to handle 20 % of global Bitcoin transactions, announces that it launched its new lending crypto service, after a long period of beta testing.

The company highlighted that the new service has been developed to offer the needed liquidity to crypto markets, similar to the traditional financial markets. The service will include fully collateralized loans, with custom and detailed reporting for its clients while it complies with BitGo Trust rules.

The service will focus on institutional investors and it will support Bitcoin, Ethereum, Litecoin, DASH, some stablecoins and fiat currencies. The team behind this service’s architecture has several years of experience in Wall Street firms, bringing their insights to the crypto world.