BitGo is a digital asset security platform that provides secure custody, trading, and other financial services to individuals, businesses and institutions. It was founded in 2013 by Mike Belshe (CEO) and Ben Davenport (CTO). BitGo offers its users the ability to safely store their cryptocurrencies through its multi-signature wallet technology.
The company has raised $70 million from investors such as Redpoint Ventures, Craft Ventures, DRW Venture Capital and others. According to research conducted by CoinMetrics in 2019 BitGo holds over 15% of all Bitcoin held within custodial wallets across the world which makes it one of the most popular cryptocurrency custodians available today.
Bitgo offers two types of wallets: hot or cold storage solutions for customers who want access to their funds quickly or those who prefer increased security but at the expense of slower transactions speeds due to less online presence required for cold storage wallets respectively. The company also provides enterprise-level tools designed specifically with large companies in mind including auditing capabilities via analytics dashboards & automatic compliance checks against global regulations like FATCA & KYC/AML requirements among many other features geared towards corporate clients dealing with high value assets on a daily basis .
In addition they offer an array of additional services such as Segwit enabled transfers allowing faster transaction times , external key management systems providing added layers of protection for user accounts along with multiple signature support system enabling co-signing options between multiple parties involved when making payments thus improving both transparency & accountability throughout each step taken during any given transaction process involving bitgo’s products .
Overall BitGo is becoming increasingly more prevalent amongst institutional investors seeking out reliable ways securely manage digital assets while simultaneously complying with industry standards imposed upon them since being established almost 8 years ago now so definitely worth considering if looking into investing large sums into Cryptocurrencies anytime soon!
