BitGo Unveils New Retail Crypto Custody Platform

BitGo Introduces Dedicated Retail Platform for Everyday Crypto Investors

BitGo, a cryptocurrency custodian that has been meeting companies’ safekeeping needs since 2013, is excited to announce the launch of its dedicated retail platform for everyday crypto investors. This new offering is designed to provide individual investors with institutional-grade security guarantees, previously only available to institutional customers.

A Brief History of BitGo

In an interview, CEO Mike Belshe reflected on the evolution of BitGo’s business model. "We actually started out as a kind of retail-ish website," he said. However, they quickly discovered that building a business around security was the more significant opportunity for them. As such, they shifted their focus towards institutional clients.

Belshe emphasized that BitGo has always had a plan to eventually expand into the retail market. "I’ve always said we have a date with retail at some point in the future," he stated. "It’s just going to kind of depend on when that is." That day has finally arrived, and BitGo’s new retail platform is now live for all global investors.

The Benefits of BitGo’s Retail Platform

BitGo’s retail platform offers a range of benefits for individual investors. Firstly, it provides the same level of security guarantees as their existing institutional-grade services. This means that users can have confidence in the safety and security of their crypto holdings.

One of the standout features of BitGo’s new platform is its flexibility. Users can choose between custodial and non-custodial wallets, or hot and cold storage options. Belshe explained, "We’ve had self-custody wallets forever. With the BitGo retail product, you can create a fully custodial wallet, and right alongside it inside the user interface, you can also create a self-custody wallet." This allows users to seamlessly move funds between different types of accounts.

A Prize Draw for U.S. Customers

To celebrate the launch of their new retail platform, BitGo is offering a prize draw for U.S. customers who sign up for the service. One lucky winner will receive a full bitcoin (BTC).

The Future of Crypto Custody

BitGo’s introduction of its dedicated retail platform marks an exciting development in the world of crypto custody. As more individuals look to invest in cryptocurrencies, it is essential that they have access to reliable and secure services.

In conclusion, BitGo’s new retail platform is a significant step forward for individual investors. With its institutional-grade security guarantees and flexibility in wallet options, users can trust their crypto holdings with confidence.

How Does the Retail Platform Work?

BitGo’s retail platform is designed to provide users with a seamless experience. Upon signing up, users will have access to a range of features and tools. These include:

• Custodial Wallets: Users can create fully custodial wallets, which are managed by BitGo on their behalf.
• Non-Custodial Wallets: Users can also create self-custody wallets, where they maintain full control over their crypto holdings.
• Hot and Cold Storage Options: Users can choose between hot (online) and cold (offline) storage options to suit their needs.

Security Measures

BitGo’s retail platform is built with security in mind. Some of the key measures include:

• Multi-Signature Wallets: Users’ wallets are protected by multi-signature technology, ensuring that even if one party is compromised, the others can still access funds.
• Regular Audits and Testing: BitGo’s systems undergo regular audits and testing to ensure their security and integrity.

Getting Started with BitGo’s Retail Platform

Signing up for BitGo’s retail platform is a straightforward process. Users simply need to visit the website, fill out the registration form, and follow the prompts to set up their account.

Conclusion

BitGo’s introduction of its dedicated retail platform marks an exciting development in the world of crypto custody. With its institutional-grade security guarantees and flexibility in wallet options, users can trust their crypto holdings with confidence.