BitGo Offers Institutional Clients New Off-Chain Settlement System
BitGo is launching a new clearing and settlement service, allowing off-chain transactions between clients so assets never leave custody.
Bitstamp will begin transferring its assets under management to BitGo's cold wallets on Oct. 10.
Pete Najarian previously worked for bitcoin service provider Xapo as senior vice president of institutions.
The crypto custodian facilitates a sizable share of on-chain transactions, a sign of consolidation, and power, in the crypto space.
The wallet will maintain user's anonymity, but will also be recoverable.
Crypto entrepreneur and investor Ben Davenport is joining Blockchain Capital as a venture partner.