BitGo Raises $100 Million Series C Funding At $1.75 Billion Valuation

BitGo Raises $100 Million Series C Funding At $1.75 Billion Valuation
фото показано с : bitcoinmagazine.com

2023-8-18 20:34

BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to amplify BitGo's secure and regulated custody, wallet, and infrastructure solutions on a global scale and to facilitate strategic acquisitions.

"Not only are we seeing growing demand for regulated custody solutions in the US, but we're also seeing the demand on a global scale," said BitGo CEO Mike Belshe. "We are very pleased to announce our $100M Series C for the purpose of meeting this growing need and to provide institutions, brands, coin foundations, and others with secure and seamless participation in the digital asset ecosystem."

Amid a dynamic market environment, BitGo has registered growth across the board since the beginning of the year. With a 60% surge in new client onboarding, a 20% increase in Asset Under Custody (AUC), a 200% upswing in fiat custody, and a 40-fold growth in staked assets. Notably, BitGo has distinguished itself as the entrusted custodian for the FTX creditors' funds under the leadership of John Ray III. Previously, the company was also selected as the distributor for the Mt. Gox creditors.

BitGo's recent funding success comes on the heels of the launch of its Go Network, empowering institutions to trade and settle both digital assets and fiat currencies round the clock from secure custody. With a robust presence as a premier regulated custodian in more than 50 countries, BitGo consistently handles an 20% of all on-chain Bitcoin transactions by value, according to the announcement.

Big name clients, such as Nike, have also chosen BitGo's secure and scalable wallet-as-a-service solution to navigate the intricate regulatory landscape.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Multi Channel Influencer Creater Cloud Funding Platform (MCI) на Currencies.ru

$ 7.82E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.07 %, 7d: -52.90 %
Cегодня L: $7.82E-5 - H: $7.82E-5
Капитализация $102.747k Rank 2192
Цена в час новости $ 0.0136825 (-99.43%)

funding position further consolidate infrastructure providers security

Источник: bitcoinmagazine.com

funding position → Результатов: 24


Bitcoin Recovers from Overnight Plunge, But It’s in a “Dangerous” Position

Bitcoin saw some wild overnight volatility that came about after a flurry of selling activity liquidated long positions and sent its price reeling lower This selloff was quite intense and caused the aggregated market to face some immense selling pressure that is showing no signs of letting up One analyst explained that where the market trends next will undoubtedly depend largely on the derivatives market He notes that funding rates are still quite high and […]

2021-1-5 21:00


BTCS Improves Cash Position with $500,000 Funding Management Implements Cost-Cutting Initiatives

Silver Spring, MD – (Globe Newswire – April 21, 2020) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced it strengthened its cash position in response to and to capitalize on economic dislocations as a result of COVID-19.

2020-4-22 10:00


ASX Exchange Backed Digital Asset Co. Raises $35M To Expand DAML Smart Contract Use Cases

Formerly given as a failing company, marred by the CEO abruptly leaving his position and a follow-through of over 25% of its employees leaving their positions, Digital Asset (DA), a company offering an open-source smart contract language, is back on track after raising $35 million USD in a Series C funding round. The round sees […]

2019-12-11 19:20


Фото:

“Bitmain Is Restructuring,” But Jihan Wu Still a Board Director: Source

Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring. Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of the board amidst a wider reorganization.

2018-11-15 21:26


Фото:

Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

AVAX surges 24% in 48 hours - But THIS can stop the bull run

AVAX was testing a crucial support level, with on-chain metrics showing positive signs. The altcoin liquidity level has a potential short-term retracement, but the overall market remains bullisThe post AVAX surges 24% in 48 hours - But THIS can stop the bull run appeared first on AMBCrypto.

MKR eyes 2.2K mark, but what's limiting its momentum?

MKR was showing strong upward momentum after breaking out of a bullish pattern, though it was facing a minor resistance level. Market metrics suggested high trader interest, with increased buyiThe post MKR eyes 2.

Raydium delivers better gains than Bitcoin as RAY soars to 2024 high

RAY hits 2-year high as its price goes parabolic since September. Assessing the link between RAY’s price action and Raydium’s performance on key metrics. RAY, the native token on the RayThe post Raydium delivers better gains than Bitcoin as RAY soars to 2024 high appeared first on AMBCrypto.

Uniswap hits 4-month high but profit-taking stalls rally - What now?

Uniswap whale activity surged as large transaction volumes increased from 3.05M to 21.39M. UNI’s rally to a 4-month high stalled after more than 9M UNI were deposited to exchanges, increasingThe post Uniswap hits 4-month high but profit-taking stalls rally - What now? appeared first on AMBCrypto.