Friday, March 29, 2024

Crypto wallet and Blockchain Security firm BitGo now supports 100 different Cryptocurrencies

The Palo Alto-based crypto Security startup BitGo now supports more than a hundred distinct  Cryptocurrencies and tokens, such as several significant stablecoins.

According to a press release on Thursday, BitGo is the initial custody agency to make 100-coin landmarks. The organization has recently grown rapidly to adopt important altcoins, by the fact that BitGo had supported only 57 coins and tokens in July of the year. Since that time, BitGo has additional support for Zcash (ZEC), Dash (DASH), Stellar (XLM) and over 30 other tokens.

In a clear endeavor to bring more institutional funds, BitGo has made significant price-pegged stable coins, such as USD Coin (USDC), MakerDAO’s Dai (DAI), Gemini Dollar (GUSD), Paxos Standard Token (PAX) and also TrustToken’s TrueUSD (TUSD).

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BitGo CTO Ben Chan explained, “Bitgo is your first multi-signature wallet system, with support for this broad offering of traded electronic monies.” “Realtors and traders enjoy Scalability and Safety of Our single, unified API offers. Our customers want to do different types of money business and business – this is why we set the objective of providing 100 tokens and coins for the end of 2018.”

This information comes a few weeks following BitGo increased a $57.5 million Series B financing round led Under the leadership of Goldman Sachs (GS) and Michael Novogratz CEO of Galaxy Digital LP (GLXY), the Cryptocurrency-centric merchant bank.

David Canellis
David has worked as a crypto/blockchain reporter for various media agencies before starting BlockToro. He loves old-school adventure games, techno, and the Beastie Boys. He is probably watching a StarCraft stream right now. To get in touch with David for news reports he published you can email him on David@nationaltimes.in or reach him out in social media linked below.

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