With Addition of EOS, BitGo Now Supports Over 200 Coins and Tokens
PALO ALTO, Calif.–(BUSINESS WIRE)–#EOS–BitGo, the leader in digital asset financial services, today announced support for multi-signature EOS wallet and custody services. BitGo now supports over 200 coins and tokens enabling institutional clients to hold a broad array of assets.
The EOS token is one of the top 10 digital assets by market capitalization, and is used on the largest public blockchain that utilizes the EOSIO blockchain open sourced software, a blockchain protocol focused on transaction speed and scaling for distributed applications. The low cost of transactions and quick transaction times have made EOSIO popular with decentralized app developers, with hundreds of dApps in active use on several EOSIO-based blockchains.
EOSIO is published by Block.one, a leader in high-performance blockchain software. “We are pleased to see continued institutional acceptance of digital assets,” said Brendan Blumer, CEO of Block.one. “Having trusted and transparent solutions will promote greater participation by businesses and their customers.”
“At BitGo we are dedicated to providing support over the wide array of digital assets our clients demand,” said Ben Chan, Chief Technology Officer, BitGo. “The EOSIO software has some innovative differentiators like its high transaction capacity and fee model that required our engineering team to scale our platform. We were able to successfully create an experience for EOS users that is seamless and consistent with how we support other coins and tokens.”
EOS custody is available through either BitGo, Inc. or BitGo Trust Company, which is the first qualified custodian purpose-built for digital assets.
BitGo offers security, custody, and liquidity services that are built on multi-signature security. All cryptocurrencies supported by BitGo are integrated using the company’s single API, which creates an easy, seamless experience for clients with no additional coding required for new coins and tokens.
For more information about BitGo solutions, please contact [email protected].
BitGo is the leader in digital asset financial services, providing institutional investors with security, custody, and liquidity solutions. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company supports over 100 coins and tokens, and has over $2 billion in assets in wallet and custody. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.
Block.one is the global leader in high-performance blockchain software. In 2018, it published the EOSIO software, a free, open-source protocol designed to be adapted and utilized by the developer community and companies to create a more secure and transparent back-end system. EOSIO is regarded as the fastest, most scalable, most active blockchain software in the world. It addresses the limitations of first-generation blockchain platforms while retaining the core benefits of the technology: security, accountability, and immutability. Block.one’s latest product, Voice, aims to redefine social media by cultivating creation, sharing, discovery and promotion of content by real users. Block.one further encourages a robust blockchain ecosystem through developing and supporting projects built on EOSIO via its venture capital unit, EOS VC. For further information, please visit block.one.