Cryptocurrency is fast-moving space and, when the landscape changes, it’s our job to respond.
In May, The Block reported that Coinbase was in advanced talks with Xapo to acquire its clients and “boost its custody business.” By August, it became clear that Xapo clients were being asked to move when Coindesk reported that assets were “being transferred to Coinbase Custody from Grayscale’s existing security provider, Xapo.”
That’s when our phones started ringing with clients looking for alternatives.
Xapo built a great business because they were a serious custodian that understood their responsibilities to their clients. They recognized that securing digital assets requires a level of security beyond what’s required for securing other types of assets. (Here’s a great read about their Swiss bunker.) And they made client service a priority.
The clients calling us are extremely concerned about the safety of their digital assets and we want to make sure they have a choice.
That’s why we’re announcing that through the end of September, qualifying clients can custody their assets with BitGo Trust, the first qualified custodian purpose-built for digital assets with no custody fees for the next year.
We built BitGo Trust to provide the level of service and support that institutional investors and high net worth individuals expect. We build long-term partnerships with our clients.
• Dedicated Account Manager: Institutional level service for your digital assets
• Regulatory compliance: BitGo Trust Company is a qualified custodian regulated by the South Dakota Division of Banking
• Insurance: Custodial assets are insured for up to $100 million
• Industry leading security: Multi-signature protocols, state of the art authentication, and 100% cold storage technology in bank-grade Class III vaults
• Institutional-grade policy controls: Enforce controls and policies including multiple approvals, spending limits, and whitelists
• Fast onboarding and 24/7 support: Your account is operational in days
Our focus is being a great custodian. That means offering the best client service and most secure protections for digital assets because it benefits the entire ecosystem. We want to make sure that clients have choices and that they can choose the custodian that meets their needs. Come to BitGo and discover what industry-leading custody is.