Digital asset infrastructure provider BitGo has launched a dedicated retail platform for cryptocurrency transactions.
The BitGo Retail platform has launched!
With BitGo Retail, you get access to:
— Secure trading with institutional-grade protection
— Custody solutions trusted by industry leaders
— Opportunities to stake and earn rewards, all under one platformBitGo’s trusted security… pic.twitter.com/M9vMDBQo2I
— BitGo (@BitGo) December 2, 2024
BitGo Retail offers individual investors access to regulated services for trading, staking, lending, wallets, cold storage, and self-custody.
Founded in 2013, the company has until now focused on institutional clients. BitGo safeguards cryptocurrencies for exchange-traded funds from ARK Invest, 21Shares, and CoinShares, and is one of five approved platforms for distributing Mt.Gox assets.
The firm also issues the largest “wrapped” Bitcoin on Ethereum — WBTC. In August, BitGo entered into a strategic partnership with Justin Sun and Tron. The initiative involves joint control over the asset through the Hong Kong-based company BiT Global associated with them.
Sun’s involvement in the deal raised concerns within parts of the community, leading to some issues with WBTC. For instance, the MakerDAO community (now Sky) approved a proposal to halt new loans backed by the asset. Exchanges Coinbase and Kraken have launched their own tokenized Bitcoin alternatives — cbBTC and kBTC, respectively.
Earlier, BitGo announced a dollar-backed stablecoin, USDS, which offers income for providing liquidity. The asset is expected to enter the market in 2025.