Goldman Sachs-Backed BitGo Now Supports Over 100 Cryptocurrencies
Palo Alto-based crypto custody startup BitGo officially supports more than 100 different cryptocurrencies and tokens, including multiple major stablecoins.
Proud to announce that we now support over 100 coins and tokens! https://t.co/YuipM8Snb2
— BitGo (@BitGo) November 15, 2018
According to a Thursday press release, BitGo is the first custody service to reach the 100-coin milestone. The company’s adoption of major altcoins has accelerated in recent months, as evident by the fact that BitGo only supported 57 coins and tokens in July of this year. Since then, BitGo has added support for Zcash (ZEC), Dash (DASH), Stellar (XLM) and more than 30 other tokens.
In an apparent effort to attract more institutional capital, BitGo has added major price-pegged stablecoins, including USD Coin (USDC), Gemini Dollar (GUSD), MakerDAO’s Dai (DAI), Paxos Standard Token (PAX) and TrustToken’s TrueUSD (TUSD).
“BitGo is the first multi-signature wallet platform with support for such a wide offering of highly traded digital currencies,” said BitGo CTO Ben Chan. “Institutional investors and exchanges appreciate the scalability and security that our single, unified API provides. Our clients want to hold and trade a wide array of currencies – that’s why we set the goal of delivering support for 100 coins and tokens by the end of 2018.”
This news comes several weeks after BitGo raised a $57.5 million Series B financing round led by Goldman Sachs (GS) and Michael Novogratz, the CEO of cryptocurrency focused merchant bank Galaxy Digital LP (GLXY).
View: All Coins on BitGo
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.