BitGo Begins to Allow Direct Trading from its Accounts
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Feb. 5, 2020
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BitGo, a popular crypto custody service, has just teamed up with financial services provider SettleBit to allow its institutional clients to trade directly from their accounts.

The company, which was established back in 2013 and processes around $15B in transactions every month, offers security, custody and liquidity solutions to institutional clients.

According to the announcement shared by BitGo yesterday, the company now allows its clients to trade directly from their accounts through an API integration with SettleBit’s settlement platform. This allows them to get a price offer matched with a liquidity network and reach settlement in real-time right after their funds are verified.

Leor Tasman, SettleBit Founder and CEO, said:

"We have been working on integrating with BitGo's API for a long time and are happy that at last, institutional clients can trade from directly from their account while benefiting from BitGo's security and SettleBit's quick settlement infrastructure. Soon cross-custodian trading will be enabled as well, allowing more liquidity and faster settlements."

The company currently allows trading with Bitcoin, Ethereum and the US dollar. However, it plans to add more currencies and stablecoins in the future.

The company is constantly working to improve its services. For example, in October iHodl reported BitGo planned to provide a custody and wallet service to TRON.

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