BitGo will create its own cryptocurrency store

BitGo will create its own cryptocurrency store


After four months since it was known that BitGo intends to purchase a company on a management by the assets of Kingdom Trust, the Californian startup declared abandonment from these plans and decision to create in exchange an own depository for Bitcoin and other cryptocurrencies. CoinDesk reports about it.

As the saying goes in the blog of company, it intends to get permission on creation BitGo Trust by the “new managed and possessing necessary qualification depositary organization” that will be specialized on digital assets.

At the same time, so not getting to this the permission regulators on acquisition of Kingdom Trust, guidance BitGo made decision about abandonment from this transaction.

Nevertheless, as said in a comment to edition vice-president on marketing of company Clarissa Horowitz, to the desire to create the own depository cryptocurrencies she was urged on by an even not regulatory vagueness, and study the needs of customers.

“We spared plenty the time to work with clients, because it exactly those, who we gather to serve. We understood that the best of all to do it through depositary organization that will be entirely focused on their assets. On this account we concentrated our attention on creation of skilled and fully independent organization”, she underlined.

The temporal scopes for the creation of such organization remain unknown, but, as Clarissa Horowitz talks, a company densely works with regulators.

At the same time BitGo already offers to the clients two new options on a management by assets. First from them related to service of safe storage cryptocurrencies, about the start that it was declared before in this month, the second offers the alternative method the management assets, at that this task is undertaken by clients.

Nevertheless, Clarissa Horowitz does not hide, that creation of depository cryptocurrencies has enormous importance.

“I think, it is a critical question. Storage of digital assets however differs from storage share certificate”, she added.

We will remind, before this year BitGo abandoned two key figures: in March an engineer and holding two jobs developer Bitcoin Core Jameson Lopp, who works with a project Casa now, went away from a company digital wallet for cold storage, and in April the post of technical director was left by co-founder of company Ben Davenport.

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