BitGo Gets Approval from New York Watchdog
Shutterstock
Main page News, US Market, US, Wallet, Crypto Market

BitGo, a cryptocurrency custodian, has obtained a New York Trust license from The New York State Department of Financial Services (NYDFS). According to a press release, the custodian can now independently provide services for New York high-net worth clients.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

BitGo CEO, Mike Belshe, says the past year has been"exceptional" for the company due to the influx of institutional investors.

"Our new charter is an important milestone to serve these clients within New York State's regulatory framework," said Pete Najarian, Chief Revenue Officer of BitGo.

Earlier, BitGo revealed it hodls on its balance sheet $250 million in bitcoin (EXANTE: Bitcoin). According to Belshe, BitGo added bitcoin (EXANTE: Bitcoin) to its balance sheet when the service introduced a multi-signature feature.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close