We’ve exceeded our 2018 milestone! BitGo now delivers multi-signature security for over 100 coins and tokens in our wallet and custody offerings — CoinDesk broke the news.
At the start of 2018, BitGo multi-signature wallets supported seven coins. In April, we launched support for ERC20 tokens. By July, with 57 coins and tokens supported, we announced in a Coindesk article that we would reach 100 by the end of the year. In just the past few months, our Coins team has added Zcash, Dash, Stellar, and support for more than 30 tokens. BitGo determines which digital currencies to add based on demand from institutional clients.
“BitGo is the first multi-signature wallet platform that provides support for such a wide offering of highly traded digital currencies,” said Ben Chan, CTO.
“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.”
Stablecoins are also among the new coins and tokens supported, including CENTRE USD (USDC), Gemini Dollar (GUSD), MakerDAO’s Dai (DAI), Paxos Standard Token (PAX), and TrustToken’s TrueUSD (TUSD).
BitGo’s multi-signature security architecture uses multiple cryptographic signatures to enact a transaction, thereby eliminating the single point of failure with traditional wallets. Keys can be distributed across independent individuals, geographies, and storage techniques, which is why multi-signature is considered mandatory for high security blockchain applications.
We’ve been focused on the stability and value of collateralized coins in other ways as well. We recently worked with a community of network partners to launch Wrapped Bitcoin (WBTC). Backed 1:1 with Bitcoin, WBTC delivers the power of Bitcoin with the flexibility of an ERC20 token. BitGo will be the custodian for the initiative.
To view all coins and tokens supported by BitGo, visit our multicurrency support page.
To get in touch, please contact us, or email at sales@bitgo.com.
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BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
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