Palo Alto-based crypto custody startup BitGo formally supports over a hundred distinct cryptocurrencies and tokens, such as multiple significant 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 launch, BitGo is the initial custody agency to make it to the 100-coin landmark. The organization’s adoption of important altcoins has accelerated lately, as evident from the very fact that BitGo only supported 57 coins and tokens in July of the year. Ever since that time, BitGo has additional support for Zcash (ZEC), Dash (DASH), Stellar (XLM) and over 30 other tokens.
In a clear effort to bring in more institutional funds, BitGo has included important price-pegged stablecoins, such as USD Coin (USDC), Gemini Dollar (GUSD), MakerDAO’s Dai (DAI), Paxos Standard Token (PAX) and also TrustToken’s TrueUSD (TUSD).
“BitGo is your very first multi-signature wallet system with support for this broad offering of traded electronic monies,” explained BitGo CTO Ben Chan. “Realtors and trades enjoy the scalability and security our single, unified API provides. Our customers wish to trade and hold a broad variety of monies — that is the reason why we set the objective of delivering aid for 100 tokens and coins by the end of 2018.”
This information comes a few weeks following BitGo increased a $57.5 million Series B financing round led by Goldman Sachs (GS) and Michael Novogratz, the CEO of cryptocurrency concentrated merchant bank Galaxy Digital LP (GLXY).