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Crypto exchange Bitstamp intends to use the services of the custodian BitGo

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The custodial service BitGo will provide a solution for the secure storage of crypto funds that are managed by the Bitstamp trading platform.

According to a press release, the transfer process of assets available at the crypto exchange starts on October 10th. Both companies refused to disclose details regarding the amount of funds transferred and their type.

The representative of Bitstamp noted that the exchange considered all possible options for partnership, but BitGo is an ideal solution, as the company considers this castoid to be a leader in the crypto industry and an integral part of the crypto ecosystem. In the future, Bitstamp plans to diversify custodial offers so that each user can choose the best option for himself.

Mike Belshe, CEO of BitGo, noted that institutions need much more than just an application with attractive graphics. They need high-level security, it is directly about technology, user convenience, about all operations related to the sending, receiving and storage of assets. Therefore, the company is pleased to enlist the support of Bitstamp.

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