BitGo, LGO Markets team up to provide crypto custody

Custody • April 9, 2019, 9:56AM EDT
The Block

Cryptocurrency custody provider BitGo has has announced that crypto exchange LGO Markets will offer its clients BitGo’s custody solutions and multi-signature wallets, BitGo announced in a press release. The crypto exchange launched just last month, and it has not developed any custodial solutions for its clients as it decided to focus on building a “fully-regulated, transparent and compliant digital asset exchange” for its institutional investors.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

However, its customers will be able to use BitGo Trust Company to store their assets.

According to LGO Markets CEO Hugo Renaudin. “BitGo and LGO believe that there is a need for segregation of duties between execution of trades and custody of funds for institutional investors to enter the space. We are committed to client service and will integrate with our clients’ solutions of choice."

More by Carol Gaszcz