Regulated, qualified custody
With 100% multi-sig technology, a robust $200 million insurance policy against theft and data breaches, bank-grade vaults, and more, CoinJar has been able to secure digital asset custody effectively using BitGo.
CoinJar
Adapting quickly and safely to crypto’s evolving regulatory landscape
CoinJar lends securely with BitGo’s hot wallets and custodial services.
Globally trusted since 2013
Our mission has always been to make it as simple as possible to buy and sell cryptocurrency, while also being an industry leader in security, reliability and custody. BitGo is essential to achieving these goals.
Key Outcomes
CoinJar attributes its secure business growth, despite evolving industry changes, to BitGo's comprehensive suite of secure, digital asset solutions.
Increased flexibility in currency for loans
Greater focus in enhancing user experience and expanding profit lines
Improved brand credibility and trust
How we work together
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Comprehensive suite of solutions
CoinJar uses a combination of BitGo’s qualified custody and settlement solutions, along with hot, warm, and cold wallets. Ryan Zhou, Co-founder and COO at CoinJar, highlights that BitGo offers them the flexibility to create various wallets, each with “different security policies around control flow, whitelisting, and administrative approval.”
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Broad support for coins and tokens, forks, and airdrops
BitGo provides the best-in-class asset support with 79 of the top 100 digital assets supported and over 1,100 coins overall. This broad asset support offered flexibility for CoinJar to build a diversified portfolio and explore new growth opportunities in the broader digital economy.
The challenge of finding a trustworthy custody provider
As one of the longest-standing and most respected players in the space, CoinJar is known for its innovative, user-friendly products. A fast-moving and agile business, they needed the ability to adapt quickly to the dynamic crypto space by enabling independent security enforcement, on-chain scalability, and rapid asset deployment. For CoinJar, BitGo was the only custodian that met these needs.
According to Zhou, “Our reputation is, in fact, built on our impeccable security track record, so we knew we needed a provider that cares as much about security as we do. BitGo was a natural fit.” He explains further, “Not only were they one of the first providers to recognise the unparalleled importance of digital asset security for this emerging exchange class, but BitGo also offers strong technical capabilities that are an added bonus.” Michaelides agrees, “Our mission has always been to make it as simple as possible to buy and sell cryptocurrency, while also being an industry leader in security, reliability and custody. BitGo is essential to achieving these goals.”
The Conclusion
By partnering with BitGo, CoinJar has been able to scale their business securely. Michaelides explains that, “For us, success means growing a loyal and satisfied customer base through offering a world class wallet and exchange platform.”
Not only [was BitGo] one of the first providers to recognise the unparalleled importance of digital asset security for this emerging exchange class, but [they] also offer strong technical capabilities that are an added bonus.
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